Underlying Assets Performance: QEF.NEO's price is heavily influenced by the performance of the underlying Canadian equity securities it tracks. Positive performance increases ETF value, while negative performance decreases it.

Supply and Demand: Market forces of supply and demand play a key role. High demand drives prices up, while increased supply due to sales can lower prices.

Investor Sentiment: Overall investor confidence and attitudes towards the Canadian stock market affect the demand for QEF.NEO. Optimistic sentiment increases demand, while pessimism decreases it.

Economic Conditions: Broad economic factors, such as interest rates, inflation, and GDP growth, impact the performance of the Canadian equities in the ETF, thus affecting QEF.NEO's price.

Management Fees and Expenses: The fees charged by the ETF manager reduce the overall returns, which indirectly influences the price investors are willing to pay for QEF.NEO.

Currency Fluctuations: Changes in the Canadian dollar's value relative to other currencies, particularly if the underlying companies have international operations, can impact QEF.NEO's price.