Market Conditions: Overall market sentiment, economic data releases, and geopolitical events influence investor confidence and demand for the fund's underlying assets.

Fund Performance: Past performance impacts investor perception and can attract or deter investment, influencing fund price.

Underlying Asset Prices: The value of the assets (stocks, bonds, etc.) held within the fund directly affects the fund's net asset value (NAV) and thus its price.

Interest Rates: Changes in interest rates can affect bond yields and the attractiveness of fixed-income assets held by the fund.

Inflation: Rising inflation can erode the real value of investments, influencing fund performance and investor decisions.

Currency Fluctuations: For funds with international holdings, exchange rate movements can impact returns when converted back to the base currency.

Fund Flows: Large inflows or outflows of capital into or out of the fund can put upward or downward pressure on the fund's price.

Management Fees & Expenses: Higher fees and expenses can reduce returns and negatively affect the fund's competitiveness and attractiveness.

Economic Growth: Economic growth or recession within the fund's investment region affects corporate earnings and stock prices.

Regulatory Changes: Changes in regulations or tax laws can impact the investment environment and fund operations, influencing fund price.

Investor Sentiment: Overall investor mood (bullish or bearish) can significantly affect buying and selling pressure on the fund.

Supply and Demand: The simple principle of supply and demand affects fund price: increased demand can raise the price while increased supply lowers it.