Economic conditions: The overall health of the economy impacts corporate profits and market sentiment, influencing fund value.

Interest rates: Changes in interest rates affect bond yields and can impact the attractiveness of fixed income investments within the fund.

Inflation: Rising inflation can erode purchasing power, influencing investor behaviour and asset valuations within the fund.

Market volatility: Increased market fluctuations can lead to price swings in fund holdings, impacting the overall fund value.

Company performance: The financial success of individual companies held within the fund directly affects the fund's performance.

Fund manager expertise: Skillful management of the fund, including security selection and asset allocation, influences returns.

Investor sentiment: Positive or negative feelings among investors can drive buying or selling pressure, impacting fund prices.

Currency exchange rates: Fluctuations in currency values affect returns when the fund invests in international assets.

Geopolitical events: Global political and economic events can create uncertainty and impact market prices, affecting fund value.

Regulatory changes: New laws or regulations can impact specific industries or investment strategies, potentially affecting fund performance.