Underlying Index Performance: QMIX.AU's price heavily relies on the performance of the Solactive Australia Quality Mix Index, which it tracks. Positive index movements typically drive the ETF's price up, and vice versa.

Supply and Demand: Market demand for QMIX.AU units versus the available supply influences its price. Higher demand relative to supply can lead to a price increase, while greater supply than demand can push the price down.

Investor Sentiment: Overall market sentiment and investor confidence toward Australian equities, particularly those selected based on quality factors, can impact demand for QMIX.AU, influencing its price.

Fund Flows: Inflows into QMIX.AU increase demand, potentially raising the price. Outflows decrease demand, possibly lowering the price. These flows reflect investor decisions about allocating capital to this specific ETF.

Management Fees and Expenses: The ETF's internal costs, such as management fees and other operational expenses, indirectly affect the price by reducing the overall return to investors, impacting its attractiveness.

Economic Conditions: Broader economic factors like GDP growth, inflation, interest rates, and employment figures in Australia can influence the performance of companies within the Solactive Australia Quality Mix Index, thus impacting QMIX.AU's price.

Currency Fluctuations: Changes in the relative value of the Australian dollar against other currencies can influence the returns for international investors holding QMIX.AU, potentially affecting demand and price.