Market Sentiment: Overall investor confidence or fear can significantly impact fund prices. Positive sentiment drives demand, increasing prices, while negative sentiment leads to selling pressure, decreasing prices.

Underlying Asset Performance: The fund's price heavily relies on the performance of the assets it holds, such as stocks or bonds. If these assets perform well, the fund's value rises, and vice versa.

Economic Conditions: Economic factors like inflation, interest rates, and GDP growth influence investment decisions and impact the value of assets held by the fund. Strong economic growth can boost stock prices, for instance.

Currency Exchange Rates: If the fund invests in assets denominated in a different currency, exchange rate fluctuations can affect its value when converted back to the base currency.

Fund Management Fees: Higher management fees can reduce the fund's overall returns, indirectly impacting its price compared to similar funds with lower fees.

Supply and Demand: Basic economic principles apply. Higher demand for the fund relative to its supply will push the price up, while increased supply and reduced demand will lower it.

Fund Flows: Large inflows into the fund can initially increase its price, while significant outflows can lead to price declines as the fund sells assets to meet redemptions.

Geopolitical Events: Global events like political instability, trade wars, or pandemics can create market uncertainty and affect investor sentiment, impacting fund prices.