Fund Performance: The fund's historical and current performance relative to its benchmark and peers significantly impacts investor demand, directly affecting its price.

Market Conditions: Overall market sentiment, economic indicators (GDP growth, inflation), and geopolitical events influence investor risk appetite and fund valuations.

Sector Performance: The fund's focus on specific sectors (e.g., technology, healthcare) means their performance directly affects the fund's value.

Interest Rates: Interest rate changes can impact bond yields and stock valuations, indirectly affecting the fund's price if it holds these assets.

Fund Size & Liquidity: Larger funds with higher trading volumes tend to be more liquid and less susceptible to price volatility from small trades.

Fund Management: The skill and experience of the fund manager, and their investment strategy, play a crucial role in the fund's performance and investor confidence.

Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate movements will affect its value when converted back to the base currency.

Expense Ratio & Fees: High expense ratios and other fees can erode returns and make the fund less attractive compared to lower-cost alternatives.

Investor Sentiment: General investor mood and confidence can lead to buying or selling pressure, driving the fund's price up or down.

Regulatory Changes: New regulations or changes in existing regulations can impact the industries in which the fund invests, affecting its profitability.