Fund Performance: A fund's historical and current performance significantly influences its price. Strong returns typically attract more investors, increasing demand and price. Conversely, poor performance can lead to outflows and price declines.

Market Conditions: Broader market trends, economic outlook, and investor sentiment impact fund prices. Bull markets generally support price appreciation, while bear markets often lead to declines. Economic indicators like inflation and interest rates also play a role.

Underlying Assets: The value of the securities held within the fund directly affects its price. If the underlying assets increase in value, the fund's price will likely rise, and vice-versa. The type of assets (e.g., stocks, bonds) matters.

Fund Management: The skill and experience of the fund manager are crucial. Effective management strategies can lead to better returns, attracting investors and positively impacting the price. Changes in management can also create uncertainty.

Supply and Demand: As with any asset, supply and demand dynamics influence the fund's price. High demand relative to the available units will drive the price up, while increased selling pressure can lead to price decreases.

Expense Ratio: The expense ratio, or the annual fee charged to manage the fund, can indirectly affect the price. Higher expenses can detract from overall returns, potentially making the fund less attractive to investors.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate fluctuations can impact the fund's price when translated back into the base currency. A stronger base currency can reduce returns.

Global Events: Geopolitical events, such as wars, political instability, or global health crises, can significantly impact financial markets and fund prices. Uncertainty often leads to increased volatility and potential price declines.