Underlying Assets: The price of KSM-F103.TA is primarily driven by the value of its underlying assets, likely a basket of stocks or bonds that the ETF tracks.

Supply and Demand: Market demand for the ETF units affects their price. Higher demand relative to supply pushes the price up, and vice versa.

Market Sentiment: Overall investor sentiment towards the specific sector or asset class the ETF represents influences its price.

Expense Ratio: The ETF's expense ratio, which covers management and operational costs, indirectly affects its returns and thus its price.

Index Tracking: How closely the ETF replicates the performance of its benchmark index is a crucial factor, impacting its price alignment with the index.

Interest Rates: Changes in interest rates, particularly if the ETF holds bonds, can significantly affect its value.

Currency Exchange Rates: Fluctuations in currency exchange rates, if the ETF holds international assets, influence its price.

Economic Data: Macroeconomic data releases, like inflation figures or GDP growth, can influence investor expectations and impact the price.

Issuer Reputation: The credibility and track record of the ETF issuer can influence investor confidence and affect demand for the ETF.

Liquidity: The ease with which ETF units can be bought or sold affects its price stability and investor willingness to trade it.