Global Economy: Economic growth, recessions, and overall market sentiment influence investor risk appetite and fund flows, impacting the fund's Net Asset Value NAV. Sector Performance: The fund's performance is heavily dependent on the performance of the specific sectors it invests in, such as technology, healthcare, or energy. Interest Rates: Changes in interest rates can affect the valuation of the underlying assets held by the fund, particularly fixed-income securities. Geopolitical Events: Political instability, trade wars, and international relations can introduce volatility and impact investor confidence, affecting fund prices. Fund Management: The fund manager's investment strategy, stock selection skills, and ability to navigate market conditions significantly influence performance. Fund Flows: Large inflows or outflows of investor money can affect the fund's ability to effectively execute its investment strategy and impact its NAV. Currency Exchange Rates: Fluctuations in exchange rates can impact the value of international investments held by the fund when converted back to the fund's base currency.