Global Market Performance: URTH tracks developed market equities globally. Broad market sentiment and performance in major markets like the US, Europe, and Japan significantly influence its price.

Currency Fluctuations: As URTH holds international assets, currency exchange rates between the Mexican Peso and the currencies of the underlying assets (e.g., USD, EUR, JPY) impact returns. A stronger Peso diminishes returns and vice-versa.

Interest Rate Changes: Interest rate policies in major developed economies affect equity valuations and thus URTH.MX. Higher rates can pressure stock prices, while lower rates can boost them.

Economic Indicators: Economic data releases (GDP growth, inflation, employment) in developed countries can shift investor sentiment and impact the demand for and price of the ETF.

Company-Specific News: Significant events impacting the performance of major holdings within the ETF's underlying index directly influence its price. Think earnings reports, mergers, etc.

Investor Demand: Supply and demand dynamics specific to URTH.MX itself. High demand can push the price above its net asset value (NAV), while increased selling pressure can decrease the price.

Geopolitical Events: Global events (political instability, trade tensions, wars) can create uncertainty and affect international equity markets, impacting URTH.MX.

Fund Management Fees: While not directly driving daily price fluctuations, the expense ratio of URTH.MX can affect long-term returns relative to its benchmark index.