Fund Performance: Positive performance typically increases demand and price, while poor performance decreases it. Market Conditions: Broad economic trends, investor sentiment, and overall market volatility impact fund valuations. Interest Rates: Rising rates can make bonds less attractive, potentially lowering fund value if it holds bonds. Fund Expenses: Management fees and other operational costs reduce returns and can affect fund price over time. Asset Allocation: The fund's mix of stocks, bonds, and other assets influences its overall risk and return profile. Investor Demand: High demand can push the price up, while increased selling pressure can lower it. Currency Fluctuations: If the fund invests internationally, exchange rate changes can impact its value. Fund Size: Extremely large funds may face challenges in generating outperformance, potentially affecting price.