VEQ.AU's price is influenced by several key factors: Global Equity Market Performance: As VEQ.AU tracks a global equity index, its price closely mirrors the performance of international stock markets. Positive global market sentiment generally drives VEQ.AU's price upward, while negative sentiment leads to price declines. Currency Fluctuations: Because VEQ.AU holds international assets, currency exchange rates, particularly between the Australian dollar and major currencies like the US dollar, euro, and yen, significantly impact its price. A weaker Australian dollar boosts VEQ.AU's value, while a stronger dollar reduces it. Investor Demand: Increased investor demand for VEQ.AU units pushes its price higher, whereas selling pressure lowers it. Demand is driven by factors like investor risk appetite and broader economic outlook. Underlying Holdings Performance: The collective performance of the individual stocks and other assets within the index tracked by VEQ.AU directly influences its price. Strong earnings or positive news from these companies contribute to price appreciation. Management Fees and Expenses: VEQ.AU's expense ratio, while typically small, can slightly affect its overall return and therefore its price. Higher fees can detract from performance. Supply and Redemption of Units: The creation and redemption of VEQ.AU units by authorized participants can influence its price. Significant redemptions may put downward pressure, while creations can stabilize or increase the price.