Asset Performance: The underlying assets (e.g., stocks, bonds) held by the fund directly impact its price. Higher asset values lead to a higher fund price.

Supply and Demand: Increased demand for the fund generally pushes the price up, while increased supply can cause the price to decrease.

Market Conditions: Broad economic trends, investor sentiment, and global events can influence the overall market and, consequently, the fund's price.

Fund Management: The expertise and decisions of the fund manager in selecting and managing assets affect the fund's performance and price.

Expense Ratio: The fund's operating expenses (management fees, administrative costs) can slightly reduce returns and, thus, affect the price.

Currency Fluctuations: If the fund invests in assets denominated in a different currency, exchange rate changes can impact the fund's value when converted back to the base currency.

Redemptions and Subscriptions: Large redemptions can force the fund to sell assets, potentially lowering the price. Conversely, large subscriptions can increase demand and price.

Interest Rates: Changes in interest rates, especially for bond-heavy funds, can affect the value of fixed-income assets and the overall fund price.