Expense Ratio: Higher expense ratios detract from returns, lowering the fund's price.

Index Performance: The underlying index's (FTSE Global All Cap ex US) performance directly impacts VGRSF.US's price; if the index rises, so should the ETF.

Supply and Demand: Increased demand can push the price above its net asset value (NAV), while high selling pressure lowers it.

Currency Fluctuations: Changes in exchange rates between the US dollar and currencies of the companies held in the ETF influence the price, as the fund holds non-US equities.

Market Sentiment: Overall investor optimism or pessimism towards global ex-US equities affects buying and selling decisions, influencing VGRSF.US's price.

Interest Rates: Rising global interest rates can make bonds more attractive, potentially drawing investors away from equities and lowering VGRSF.US's price.

Economic Growth: Stronger economic growth in major economies outside the US typically leads to higher corporate earnings and stock prices, benefiting VGRSF.US.

Political Stability: Geopolitical events and political stability (or instability) in regions where the fund invests can significantly affect investor confidence and VGRSF.US's price.