Fund Performance: Past performance, while not indicative of future results, often influences investor demand and thus the fund's price.

Market Conditions: General economic conditions, investor sentiment, and global events impact overall market performance, influencing fund value.

Sector Performance: The fund's focus on specific sectors (e.g., technology, healthcare) means its price reflects the performance of those sectors.

Investment Strategy: The fund's investment approach (e.g., growth, value) and security selection directly affect returns and price.

Expense Ratio: The fund's operating expenses (management fees, administrative costs) reduce returns, impacting its price.

Fund Size: A large fund might face challenges in generating alpha, while a small fund could be more volatile.

Interest Rates: Changes in interest rates impact bond yields and stock valuations, thus affecting the fund's price.

Currency Fluctuations: For funds investing internationally, exchange rate changes affect the value of holdings.

Inflation: Inflation erodes purchasing power and can lead to changes in interest rates, impacting investment values.

Regulatory Changes: New regulations or tax laws can influence the profitability of companies held by the fund.