Economic Conditions: Overall economic health, including GDP growth, inflation, and interest rates, influences investment performance and thus the fund's price.

Market Sentiment: Investor confidence and risk appetite significantly impact fund valuations. Positive sentiment drives demand, increasing prices, and vice versa.

Fund Holdings Performance: The underlying assets held within the fund (stocks, bonds, etc.) directly affect its value. Strong performance of these assets boosts the fund's price.

Fund Management Style: The fund manager's investment strategy and stock-picking abilities play a critical role. Successful strategies can lead to higher returns and prices.

Expense Ratio: Higher expense ratios charged by the fund reduce net returns, potentially impacting the price negatively compared to lower-cost alternatives.

Supply and Demand: Basic market forces dictate that increased demand for the fund will drive its price up, while higher selling pressure will lower it.

Sector Performance: If the fund concentrates on a specific sector, the performance of that sector will heavily influence the fund's overall value.

Currency Fluctuations: For funds holding international assets, exchange rate movements can affect returns when converted back to the base currency, thus impacting price.