Fund Performance: The fund's historical and current returns significantly influence its price. Higher returns typically attract more investors, increasing demand and the price.

Market Conditions: Broad market trends, economic indicators (like GDP growth, inflation), and investor sentiment impact the value of underlying assets and thus, the fund's price.

Asset Allocation: The fund's investment strategy and how assets are distributed across different sectors or geographies affect performance and perceived risk, impacting price.

Expense Ratio: The fund's operating costs, including management fees, can impact returns and investor attractiveness, influencing the price. Lower expense ratios are generally preferred.

Fund Size: Larger funds can sometimes experience diseconomies of scale, while smaller funds may be more nimble. Size relative to strategy can affect performance and, subsequently, price.

Interest Rates: Changes in interest rates influence the attractiveness of fixed-income investments within the fund and can affect overall valuation and price.

Currency Fluctuations: For funds investing in international assets, currency exchange rates can significantly impact returns when translated back to the fund's base currency, affecting the price.