Fund Performance: Past performance and perceived ability to generate future returns influence investor demand.

Market Conditions: Broad economic factors like inflation, interest rates, and GDP growth impact the fund's underlying asset values.

Sector Performance: The performance of sectors in which the fund invests (e.g., technology, healthcare) affects the fund's price.

Expense Ratio: High expenses can reduce returns, making the fund less attractive to investors, potentially lowering demand and price.

Fund Size: Very large funds might face challenges in generating alpha, while very small funds could be illiquid, both affecting pricing.

Management Expertise: Investor confidence in the fund manager's skills and investment strategy impacts the fund's valuation.

Investor Sentiment: General market mood and risk appetite can drive buying and selling pressure, impacting the fund's price.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate changes will affect returns.

Regulatory Changes: New laws or regulations affecting the fund's investments or operations can impact its attractiveness and price.

Geopolitical Events: Global events like wars, political instability, or trade disputes can create market volatility and affect fund values.