Fund Performance: A fund's historical and current performance greatly impacts its price. Higher returns generally attract more investors, increasing demand and thus the price.

Market Conditions: Broader market trends, economic indicators, and investor sentiment influence fund prices. Positive market conditions often lead to price appreciation.

Underlying Asset Value: The value of the assets held within the fund directly affects its net asset value (NAV), which is a key determinant of the fund's price.

Fund Flows: Significant inflows and outflows of investor money can affect the fund's price. Large inflows might drive prices up, while outflows can lead to price decreases.

Expense Ratio: A fund's expense ratio, reflecting management and operational costs, can impact its overall returns and therefore its attractiveness to investors, influencing the price.

Management Expertise: The skill and experience of the fund's management team play a role in its performance and, consequently, its price.

Interest Rates: Changes in interest rates can influence the attractiveness of different asset classes and thus impact the demand for and price of the fund.