Economic conditions: Economic growth or recession in the regions where the fund invests can influence company profits and valuations.

Market sentiment: Investor confidence and risk appetite impact demand for the fund's assets, affecting its price.

Fund holdings performance: The underlying investments held by the fund, such as stocks and bonds, directly determine the fund's overall value.

Interest rates: Changes in interest rates can affect bond valuations and influence investor decisions on fixed-income assets.

Currency exchange rates: Fluctuations in currency values can impact returns for funds holding assets denominated in foreign currencies.

Inflation: Inflation can erode purchasing power and lead to changes in interest rates, affecting market valuations.

Geopolitical events: Political instability or major global events can create uncertainty and volatility in financial markets.

Fund management decisions: The fund manager's investment strategy, stock selection, and asset allocation choices influence performance.

Fund fees and expenses: Higher fees and expenses can reduce the fund's net asset value (NAV) and affect its price.

Supply and demand: The balance of buyers and sellers of the fund's shares impacts its market price.