Global Market Conditions: Overall performance of global stock markets, economic outlook, and investor sentiment significantly impact fund values.

Sector Performance: Performance of sectors in which the fund invests (e.g., technology, healthcare) directly influences fund returns.

Economic Indicators: Key economic data releases such as GDP growth, inflation rates, and employment figures affect market valuations.

Fund Management Expertise: Skill and strategy of fund managers in selecting securities and managing portfolio risk impact fund performance.

Currency Fluctuations: Exchange rate movements between the fund's base currency and currencies of its investments affect returns, especially for international funds.

Interest Rate Changes: Changes in interest rates can impact bond yields and valuations, affecting fixed-income components within the fund.

Geopolitical Events: Political instability, trade wars, and other geopolitical events can cause market volatility and impact fund performance.

Fund's Expense Ratio: Higher expense ratios reduce net returns to investors, impacting the fund's relative attractiveness.

Regulatory Changes: New regulations or policy changes affecting investment markets can influence fund strategies and returns.