Market Performance: General market trends affect fund valuation. Positive market performance typically increases the fund's NAV.

Sector Performance: The fund's investment in specific sectors, such as technology or healthcare, directly impacts its price. If those sectors perform well, the fund's value rises.

Fund Management: The fund manager's investment decisions and portfolio construction strategy will influence returns and thus the fund's price.

Economic Conditions: Macroeconomic factors like inflation, interest rates, and GDP growth influence company performance and investment sentiment, affecting the fund's price.

Currency Fluctuations: As the fund may invest in foreign assets, currency exchange rates can impact the fund's value when converting returns back to the base currency.

Investor Sentiment: Overall investor confidence and risk appetite drive fund flows. Positive sentiment can lead to increased demand, boosting the price.

Expense Ratio: The fund's annual expense ratio impacts net returns. Higher expense ratios can detract from performance and lower the price relative to other funds.

Fund Size: Very large funds can sometimes struggle to generate alpha (excess return) and can see smaller price movements as a result.

Fund Flows: Large inflows or outflows of investor money can impact fund performance and consequently its price.