Underlying Index Performance: V60D.DU's price closely tracks the performance of its benchmark index, the MSCI World ex Australia Index. Positive index movements typically increase the ETF's price, while negative movements decrease it.

Supply and Demand: Market demand for V60D.DU shares influences its price. Higher demand pushes prices upward, while increased selling pressure leads to price declines.

Currency Exchange Rates: As the underlying assets are denominated in foreign currencies, fluctuations in the AUD exchange rate against those currencies (e.g., USD, EUR) affect the ETF's AUD price. A weaker AUD boosts the ETF price, and a stronger AUD lowers it.

Investor Sentiment: Overall market sentiment and investor risk appetite play a role. Positive sentiment towards global equities generally benefits V60D.DU, while negative sentiment can lead to selling pressure.

Management Fees and Expenses: The ETF's expense ratio, while relatively small, can incrementally affect its returns and, consequently, its price over the long term.

Tracking Error: Deviations between V60D.DU's performance and its benchmark index's performance can impact its price relative to the expected value based on the index.