Fund Performance: Positive fund performance, relative to its benchmark and peers, tends to increase investor demand, driving up the fund's price. Negative performance can lead to outflows and lower prices.

Market Conditions: Broad market trends, such as overall bullish or bearish sentiment, significantly influence fund prices. Positive economic data generally boosts fund prices, while concerns about recession can depress them.

Investor Sentiment: Investor confidence or fear, often driven by news events or economic forecasts, greatly affects fund flows. High confidence encourages investment, increasing prices; fear prompts withdrawals, lowering them.

Expense Ratio & Fees: High expense ratios and other fees can detract from returns and make a fund less attractive, potentially lowering its price compared to similar funds with lower costs.

Fund Size & Liquidity: Very large or illiquid funds can be harder to trade efficiently, sometimes affecting their price. Significant inflows or outflows can also impact the fund's net asset value and, consequently, its price.

Interest Rates: Rising interest rates can make bonds and other fixed-income investments less attractive compared to stocks, potentially leading to outflows from equity funds and decreasing their prices.

Currency Exchange Rates: Since the fund is in GBP, fluctuations in exchange rates between GBP and the currencies of the underlying assets can affect the fund's value and thus, its price.