Underlying Asset Performance: The fund's NAV (Net Asset Value) directly reflects the performance of the assets it holds. Positive performance in those assets typically increases the fund's price, while negative performance decreases it.

Market Sentiment: General investor confidence or pessimism towards the specific sector or region the fund invests in can impact demand. Higher demand usually leads to a price increase, while lower demand can cause a price decrease.

Interest Rate Changes: Interest rate hikes can make fixed-income investments less attractive, potentially decreasing the fund's price. Conversely, rate cuts could make them more appealing, possibly increasing the price.

Fund Flows: Large inflows of money into the fund can drive up the price temporarily, and significant outflows can put downward pressure on it.

Economic Indicators: Factors like GDP growth, inflation, and unemployment in the relevant economies can influence the performance of the assets held by the fund, indirectly affecting its price.

Currency Fluctuations: If the fund holds assets denominated in a foreign currency, changes in exchange rates can affect the fund's price when converted back to the fund's base currency.

Management Fees and Expenses: The fund's operating costs, including management fees, can erode returns and indirectly impact the fund's price over time.

Regulatory Changes: New regulations or policy changes affecting the fund's investments or the broader financial markets can impact investor sentiment and subsequently the fund's price.