Underlying Asset Performance: The SPP7.F ETF's price is primarily driven by the performance of the securities it holds, which are typically companies listed on the Singapore Exchange (SGX).

Supply and Demand: Market forces of supply and demand for the SPP7.F ETF itself influence its price. High demand can push the price up, while increased selling pressure can lower it.

Investor Sentiment: Overall market sentiment and investor confidence towards Singaporean equities can impact the demand for SPP7.F, affecting its price. Positive sentiment generally leads to higher prices.

Economic Conditions: Singapore's economic growth, inflation rates, interest rates, and employment figures can all influence the performance of the companies held by the ETF, and thus its price.

Currency Exchange Rates: Fluctuations in the Singapore Dollar (SGD) against other currencies, particularly the base currency, can impact the returns for investors holding SPP7.F in other currencies.

Dividend Yield: The dividend yield offered by the companies within the SPP7.F ETF can attract income-seeking investors, potentially increasing demand and supporting the ETF's price.

Expense Ratio: The ETF's expense ratio, the annual fee charged to manage the fund, can indirectly affect its price by reducing the overall return to investors.

Tracking Error: The degree to which the SPP7.F ETF accurately tracks its benchmark index can affect investor confidence and demand, potentially influencing its price. A lower tracking error is generally preferred.

Global Events: Major global economic or political events can impact investor sentiment and risk appetite, leading to broad market movements that affect the SPP7.F ETF.