Underlying Asset Performance: The performance of assets held by the fund directly impacts its price. Positive returns increase price; losses decrease it. Market Conditions: Overall market trends (bullish/bearish) influence fund performance. Broad market downturns can lower the fund's price. Investor Sentiment: Investor confidence and risk appetite affect demand. High demand can drive up the price; low demand can lower it. Interest Rates: Changes in interest rates can affect fixed-income investments within the fund, influencing its overall price. Fund Management Expertise: The fund manager's investment decisions, stock picking, and asset allocation skills influence returns and price. Expense Ratio: The fund's operating costs (expense ratio) detract from returns, impacting its price over time. Higher expense ratios can lead to lower price growth. Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate changes can affect the fund's price when converted back to DKK. Economic Indicators: Economic data releases (GDP, inflation, employment) influence market sentiment and asset valuations, indirectly affecting the fund's price. Geopolitical Events: Major political events and global crises can create market volatility and uncertainty, impacting fund performance and price.