Global Equity Market Performance: VGE.AU's price mirrors the performance of the global equity markets it tracks. Positive global market trends generally lead to an increase in VGE.AU's price, while negative trends cause a decrease. Australian Dollar Exchange Rate: Currency fluctuations impact the value of VGE.AU, as it invests in international assets. A weaker Australian dollar increases the AUD value of the foreign holdings. Supply and Demand: Basic economic principles of supply and demand influence VGE.AU's price. Higher demand pushes the price up, while increased selling pressure lowers it. Fund Management Fees and Expenses: The fees and expenses associated with managing VGE.AU can affect its price. Higher fees reduce the overall return, potentially impacting the price. Investor Sentiment: Overall investor optimism or pessimism towards global equities can significantly impact VGE.AU's price, leading to buying or selling pressure. Dividend Distributions: When VGE.AU distributes dividends, its price may decrease slightly to reflect the payout to shareholders.