Market Performance: Overall market trends, especially in the regions or sectors the fund invests in, significantly impact the fund's price. A rising market usually lifts fund prices, while a declining market lowers them.

Fund Holdings: The performance of the underlying assets held by the fund directly affects its value. Positive performance of key holdings drives up the fund price, and negative performance brings it down.

Economic Conditions: Broad economic indicators, such as GDP growth, inflation, and interest rates, influence market sentiment and corporate profitability, thereby impacting the fund's holdings and overall price.

Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate fluctuations between those currencies and the base currency (likely GBP) will affect the fund's returns when converted back.

Investor Sentiment: General investor optimism or pessimism towards the fund's investment strategy or the overall market can drive buying or selling pressure, leading to price fluctuations.

Fund Management Fees: The ongoing expenses associated with managing the fund, including management fees and operating expenses, are deducted from the fund's assets, which can reduce its overall value and potentially its price.

Supply and Demand: The balance between the number of investors wanting to buy the fund (demand) and the number wanting to sell (supply) directly influences the market price. Higher demand leads to higher prices.

Fund Flows: Large inflows of money into the fund can temporarily increase its price, while significant outflows can put downward pressure on the price.

Sector-Specific News: Events or news affecting the specific sectors in which the fund invests (e.g., technology, healthcare) can have a concentrated impact on the fund's performance and price.

Regulatory Changes: Changes in regulations affecting the fund's investment strategy or the companies it invests in can lead to shifts in investor confidence and, consequently, price movements.