Fund Performance: A fund's historical and recent performance heavily influences investor demand, directly impacting its price. Strong performance typically attracts more investment, driving the price up.

Market Conditions: Broad economic trends, investor sentiment, and overall market volatility can affect the fund's price. Bull markets tend to boost fund prices, while bear markets can depress them.

Underlying Assets: The value of the securities held within the fund (stocks, bonds, etc.) determines the Net Asset Value (NAV), a key driver of price. Fluctuations in these assets directly impact the fund's price.

Investor Demand: Supply and demand forces impact fund price. Higher demand, especially during initial offerings or periods of positive performance, will usually result in an increased price.

Management Fees: While not directly affecting daily price fluctuations, high management fees can reduce the fund's overall returns, potentially making it less attractive to investors over time.

Expense Ratio: Similar to management fees, a high expense ratio can negatively impact long-term performance, thereby influencing investors' perceptions and potentially affecting the price.

Interest Rates: Changes in interest rates can affect the attractiveness of fixed-income assets held within the fund, influencing investor demand and, therefore, the fund's price.