TSWE.F's price is influenced by various factors:

Net Asset Value (NAV): Reflects the value of underlying assets (Swiss equities) less liabilities. Changes in these equity values directly impact NAV and TSWE.F's price.

Supply and Demand: High demand drives prices up, while increased supply lowers them. Investor sentiment and market conditions play a key role.

Market Sentiment: Overall investor attitude towards Swiss equities or the broader market influences TSWE.F's price.

Currency Fluctuations: As TSWE.F holds Swiss assets, the EUR/CHF exchange rate affects its value for Euro-based investors.

Economic Conditions: Swiss economic growth, inflation, and interest rates can all affect company earnings and valuations, influencing TSWE.F.

Dividend Payments: Dividends from underlying holdings are reflected in NAV and can attract investors, affecting price.

Tracking Error: The difference between TSWE.F's performance and the benchmark index performance influences investor demand and price.

Expense Ratio: Higher expense ratios can negatively impact returns and potentially lower demand, affecting the price.

Geopolitical Events: Events affecting Switzerland or the global economy can cause price volatility.

Interest Rates: Changes in interest rates can influence equity valuations and therefore the price of TSWE.F.