Market Sentiment: Overall investor confidence and risk appetite impact demand, driving prices up in bullish markets and down in bearish ones.

Fund Performance: Strong historical returns attract investors, increasing demand and price; poor performance has the opposite effect.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, and interest rates influence asset valuations and investor behavior.

Sector Trends: The performance of the specific sectors or industries the fund invests in directly affects its value.

Fund Flows: Large inflows of cash increase demand, pushing prices up; outflows decrease demand, lowering prices.

Management Expertise: A skilled fund manager can make strategic investment decisions that enhance returns and attract investors.

Expense Ratio: Higher fees can negatively impact returns, potentially decreasing attractiveness and lowering price.

Geopolitical Events: Political instability, trade wars, or major global events can create uncertainty and volatility.

Currency Fluctuations: For funds investing in foreign assets, exchange rate movements can impact the fund's value when converted back.