Fund Performance: The historical and current performance of the fund directly impacts its price. Strong performance usually attracts more investors, increasing demand and therefore price.

Market Conditions: Overall market sentiment and economic factors like interest rates, inflation, and GDP growth affect investor appetite and the prices of assets held by the fund.

Asset Allocation: The specific mix of assets (stocks, bonds, etc.) within the fund and their individual performance will heavily influence the overall fund price.

Fund Management: The skill and strategy of the fund manager in selecting and managing investments plays a crucial role in the fund's performance and subsequent price.

Expense Ratio: The operating costs of the fund, including management fees, can affect the overall return and indirectly the price, as higher expenses reduce net returns.

Investor Sentiment: Changes in investor confidence and risk appetite towards the specific sectors or geographies the fund invests in can impact demand and price.

Currency Fluctuations: If the fund holds assets denominated in foreign currencies, changes in exchange rates can impact the fund's value when converted back to the base currency.

Supply and Demand: Like any asset, the basic principles of supply and demand affect the fund's price. Increased demand drives prices up, while increased supply pushes them down.

Redemptions/Inflows: Large redemptions (investors selling their shares) can force the fund to sell assets, potentially lowering the price. Large inflows can have the opposite effect.