Fund Performance: The historical and current performance of V.MX, including its returns relative to its benchmark and peer group, greatly influences investor demand.

Market Sentiment: Overall investor optimism or pessimism towards the broader market, particularly the emerging markets V.MX invests in, impacts its price.

Economic Conditions: Factors like GDP growth, inflation, and interest rates in emerging market countries can significantly affect the performance of companies within V.MX's portfolio.

Currency Fluctuations: Changes in exchange rates between the US dollar and the currencies of the emerging market countries V.MX invests in affect returns.

Geopolitical Risk: Political instability, trade wars, or other geopolitical events in emerging markets can lead to investor uncertainty and price volatility.

Expense Ratio: The fund's expense ratio affects its net returns, with lower expense ratios generally being more attractive to investors.

Fund Flows: Large inflows or outflows of money into or out of V.MX can influence its price, especially if the fund needs to buy or sell large amounts of underlying assets.

Dividend Yield: V.MX's dividend yield can attract income-seeking investors, supporting its price.

Index Tracking: How closely V.MX tracks its underlying index impacts its relative performance and attractiveness to investors.

Supply and Demand: The basic principle of supply and demand applies; higher demand pushes prices up, while increased selling pressure pushes them down.