Fund Performance: The fund's historical and recent performance significantly impacts its price. Strong performance attracts investors, driving up demand and price.

Market Conditions: General economic conditions and market sentiment influence investor behavior and fund prices. Positive market trends usually lead to price increases.

Fund Holdings: The value of the underlying assets held by the fund directly affects its net asset value (NAV) and thus, its price. Fluctuation in these asset values impacts the fund's price.

Investor Demand: High demand for the fund pushes the price upwards, while low demand can lead to price declines. Demand is often driven by performance and market sentiment.

Management Fees: Higher management fees can reduce the fund's net returns, potentially affecting its attractiveness and price compared to lower-fee alternatives.

Expense Ratio: The overall cost of running the fund, reflected in the expense ratio, impacts returns and can influence investor interest and the fund's price.

Interest Rates: Changes in interest rates can influence bond yields and the attractiveness of fixed-income assets within the fund, thereby affecting the fund's price.

Currency Fluctuations: For funds holding international assets, currency fluctuations can impact the value of these assets when converted back to the base currency, influencing the fund's price.

Regulatory Changes: Changes in regulations governing the fund or its investments can affect the fund's operation and performance, potentially influencing its price.

Fund Size: Extremely large funds may face challenges in generating alpha and may underperform smaller, more nimble funds, impacting investor sentiment and price.