Underlying Asset Performance: The fund's value is directly linked to the performance of its investments. If the underlying assets rise in value, the fund's price typically increases, and vice versa.

Market Sentiment: Overall investor confidence and risk appetite influence fund flows. Positive sentiment can drive increased investment, raising the fund's price, while negative sentiment can lead to outflows and lower prices.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth impact the performance of companies and markets the fund invests in, consequently affecting its price.

Currency Fluctuations: If the fund invests in assets denominated in a different currency than its reporting currency, exchange rate changes can impact its value when translated back.

Fund Management Fees & Expenses: The costs associated with managing the fund, including fees and operating expenses, are deducted from the fund's returns, influencing its overall performance and price.

Supply and Demand: The forces of supply and demand for the fund's shares play a role. High demand relative to supply can push the price up, while increased selling pressure can lower it.