Fund Performance: Historical returns and relative performance compared to benchmark indices significantly influence investor demand and thus price.

Market Conditions: Overall economic climate, including interest rates, inflation, and GDP growth affect investment decisions and asset valuations within the fund.

Sector/Geographic Focus: The performance of sectors and regions in which the fund invests directly impacts its value.

Management Fees: High expense ratios can detract from returns, potentially lowering demand and price.

Investor Sentiment: General optimism or pessimism about the markets or specific sectors affects fund flows and valuation.

Fund Size & Liquidity: Larger funds may offer greater stability, while liquidity ensures easy buying/selling without significant price impact.

Regulatory Changes: New laws or regulations impacting the financial industry or specific asset classes can affect fund value.

Currency Fluctuations: For funds investing internationally, exchange rate variations influence the value of assets in local currency.