Asset Performance: The underlying assets' performance directly impacts the fund's value. If the assets increase in value, the fund's price rises and vice versa.

Market Conditions: Broad economic trends, investor sentiment, and overall market performance influence the fund's valuation. Bull markets generally boost fund prices.

Interest Rates: Changes in interest rates can affect the attractiveness of fixed-income assets held by the fund, indirectly impacting its overall value.

Currency Fluctuations: If the fund invests in assets denominated in different currencies, exchange rate movements can significantly impact the fund's returns.

Management Fees: The fund's expense ratio, including management fees, reduces the overall return and affects its price compared to similar funds.

Supply and Demand: High demand for the fund can drive its price up, while increased selling pressure can cause it to decline.

Fund Flows: Large inflows of new money into the fund may temporarily increase the fund's price, whereas large outflows can exert downward pressure.

Geopolitical Events: Major political or economic events, especially those impacting the fund's invested regions or sectors, influence investor confidence and prices.