Economic factors: Macroeconomic conditions such as GDP growth, inflation, and interest rates in the regions where the fund invests significantly impact returns.

Market sentiment: Overall investor confidence and risk appetite in the market affect demand for the fund's holdings and thus its price.

Fund performance: The fund's past and present performance relative to its benchmark and peers influence investor perception and inflows/outflows.

Sector trends: The performance of the specific sectors in which the fund invests directly impacts its returns and price.

Company specific news: News and developments related to the individual companies held within the fund's portfolio can cause price fluctuations.

Currency fluctuations: Exchange rate movements between the fund's base currency and the currencies of its investments affect the fund's value.

Fund management fees: The fund's expense ratio can influence its net returns and attractiveness to investors.

Regulatory changes: Changes in regulations affecting the fund's investments or the financial markets in general can affect its performance and price.

Geopolitical events: Global events such as political instability, trade wars, and conflicts can create uncertainty and impact market sentiment, affecting the fund.