Underlying Asset Performance: SC05.F tracks the MSCI China A Onshore Low Carbon Select Index. The price heavily depends on the performance of the underlying stocks in that index. Supply and Demand: Like any ETF, SC05.F's price fluctuates based on the balance between buyers and sellers in the market. Increased demand pushes the price up, while increased selling pressure drives it down. Index Composition Changes: Changes to the MSCI China A Onshore Low Carbon Select Index can affect SC05.F's price as the fund rebalances to reflect the new index constituents. Market Sentiment: Overall investor sentiment towards Chinese equities and low-carbon investments impacts the ETF's price. Positive sentiment leads to increased investment. Fund Management Fees: The fund's expense ratio, although small, can gradually affect returns and thus the ETF price over time. Tracking Error: Deviations between the ETF's performance and the underlying index's performance (tracking error) can influence the ETF's price relative to its NAV.