Market Conditions: Overall stock market performance and investor sentiment significantly influence fund prices. A bullish market generally lifts fund prices, while a bearish one depresses them.

Fund Performance: The fund's investment strategy and how well it executes it directly impact its Net Asset Value (NAV). Strong performance attracts investors, increasing demand and potentially the price.

Underlying Assets: The value of the stocks, bonds, or other assets held within the fund portfolio drives its NAV. Changes in the value of these holdings directly affect the fund price.

Currency Fluctuations: If the fund invests in international assets, currency exchange rates can influence its price. A weaker pound against the currencies of the fund's investments can increase the fund's NAV.

Interest Rates: Interest rate changes can affect the value of fixed-income assets held in the fund, impacting the overall NAV. Higher rates generally decrease bond prices.

Economic Indicators: Economic data releases, such as GDP growth, inflation, and unemployment figures, can influence investor sentiment and affect the performance of companies held in the fund, therefore the price.

Fund Flows: Significant inflows of cash into the fund or outflows from it can influence the price. Large inflows may drive up prices, while outflows may put downward pressure.

Management Fees: The fees charged by the fund management company impact the fund's overall returns and therefore influence its attractiveness to investors. Higher fees can detract from performance.

Investor Sentiment: Overall investor confidence and risk appetite can influence demand for the fund. Periods of high confidence generally lead to increased investment and price appreciation.