Underlying Asset Performance: VFEAN.MX tracks a specific MSCI emerging markets index. The index's performance directly impacts the ETF's price.

Supply and Demand: General market sentiment and trading activity in VFEAN.MX shares influence its price. Higher demand increases price, while higher supply decreases it.

Currency Fluctuations: As an ETF investing in emerging markets, currency exchange rates between the Mexican Peso and other currencies (like USD) affect the price.

Expense Ratio: VFEAN.MX's expense ratio, while small, can subtly impact returns and therefore its price relative to the tracked index.

Economic Conditions: Economic health of emerging markets significantly influences companies and their stocks within VFEAN.MX.

Political Stability: Political events and stability in emerging markets contribute to investor confidence and market performance, impacting ETF prices.

Interest Rates: Interest rate changes in relevant countries can affect company valuations and thus the ETF's overall price.

Inflation Rates: Inflation within emerging economies influences profitability of companies in VFEAN.MX, subsequently affecting ETF pricing.