Global Interest Rate Policies & Inflation: Changes in interest rates by central banks and prevailing inflation levels significantly impact borrowing costs, corporate earnings, and overall investor sentiment across developed markets, directly affecting the performance of global equity ETFs like SWDA.

Geopolitical Stability and Global Shocks: Events such as international conflicts (e.g., in the Middle East), trade tensions, or other unforeseen global shocks can increase market volatility, prompt investors to seek safer assets, and disrupt global supply chains, thereby influencing worldwide equity returns.

Global Economic Growth (GDP): The overall health and expansion of the global economy, as indicated by GDP growth, directly correlate with corporate earnings prospects and investor confidence, which are fundamental drivers for broad-based equity exchange-traded funds.