Market Performance: The overall performance of the markets in which the fund invests directly impacts its value.

Fund Holdings: The specific securities held by the fund and their individual price movements influence the fund's Net Asset Value (NAV).

Economic Conditions: Macroeconomic factors like inflation, interest rates, and economic growth affect the value of assets held by the fund.

Investor Sentiment: Investor confidence and demand for the fund can drive its price up or down, especially during periods of market volatility.

Fund Expenses: Management fees, operating expenses, and other costs reduce the fund's returns, affecting its overall price.

Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate changes can impact its price when converted back to GBP.

Sector Performance: The performance of the specific sectors in which the fund invests (e.g., technology, healthcare) influences its price.

Geopolitical Events: Global events such as political instability or trade wars can impact market sentiment and the value of fund assets.

Regulatory Changes: Changes in regulations affecting the industries or markets in which the fund invests can affect its price.