Global Economic Conditions: Broad economic trends like GDP growth, inflation, and interest rates in major economies, particularly the US, can influence investor sentiment and risk appetite, affecting investments across global markets.

Technological Advancements: Innovations and developments in technology sectors, specifically those represented within the Nasdaq composite, drive growth expectations and affect investor interest in related funds.

Interest Rate Movements: Changes in interest rates set by central banks, especially the US Federal Reserve, impact borrowing costs for companies and influence the attractiveness of fixed-income investments relative to equities.

Geopolitical Events: Political instability, trade wars, or other geopolitical events introduce uncertainty into the market, leading to volatility in fund prices.

Company Performance: The financial health and performance of the companies included in the underlying index or benchmark directly impact the fund's overall value.