Expense Ratio: Lower expense ratios mean more of the fund's returns go to investors, potentially attracting more investment and driving up the price.

Fund Manager Expertise: Skilled fund managers who consistently outperform the market can increase demand for the fund, leading to a higher price.

Market Sentiment: Overall investor optimism or pessimism can significantly impact demand for global ex-U.S. stocks, affecting the fund's price.

Economic Conditions: Economic growth or recession in developed and emerging markets outside the U.S. directly influences the performance of the fund's underlying assets.

Interest Rates: Changes in global interest rates, particularly in major economies, can affect the attractiveness of stocks relative to bonds, impacting fund flows and price.

Currency Fluctuations: Exchange rate movements between the U.S. dollar and other currencies in which the fund's holdings are denominated can significantly affect returns and therefore the fund's price.

Geopolitical Events: Political instability, trade wars, or other geopolitical events can create uncertainty and volatility in global markets, affecting the fund's performance and price.

Inflation: Inflation rates in various countries can affect company earnings and therefore the value of the stocks held in the fund.

Fund Flows: Large inflows of investor money can drive up the fund's price, while large outflows can put downward pressure on the price.

Company Performance: The performance of the underlying companies in which the fund invests is a primary driver of the fund's overall return and price.

Valuation Levels: The price-to-earnings (P/E) ratios and other valuation metrics of companies in the fund's portfolio can influence investor sentiment and demand for the fund.