Investment Performance: Past and present performance of the fund's underlying assets, such as stocks, bonds, or real estate, significantly impacts its price.

Market Conditions: Overall market sentiment, economic indicators (GDP growth, inflation, interest rates), and geopolitical events influence investor demand and fund valuation.

Fund Management: The fund manager's expertise in selecting assets, managing risk, and executing investment strategies affects the fund's returns and, consequently, its price.

Expense Ratio: The fund's operating expenses, including management fees and administrative costs, directly impact net returns and thus the fund's attractiveness and price.

Investor Demand: Increased demand for the fund drives up its price, while redemptions can lead to price decreases.

Underlying Asset Values: The net asset value (NAV) of the fund, which is determined by the market value of its holdings, is a primary driver of the fund's price.

Currency Fluctuations: For funds investing in international assets, currency exchange rate movements can impact the value of returns when converted back to the base currency.

Regulatory Changes: New regulations or changes in existing regulations can affect the investment strategies and costs of the fund, thereby affecting its price.