Underlying Asset Performance: The fund's net asset value (NAV) is heavily influenced by the performance of its underlying investments. Positive returns in these assets typically lead to a higher fund price, while negative returns cause it to fall.

Market Sentiment: Overall investor confidence and risk appetite affect demand for the fund. Bullish market conditions often drive increased investment, pushing the price up. Conversely, bearish sentiment can lead to redemptions and price declines.

Interest Rate Changes: Changes in interest rates, especially in the fund's investment region, impact bond valuations (if applicable) and overall investment attractiveness. Higher rates can reduce the attractiveness of existing fixed-income assets, potentially lowering the fund's price.

Currency Fluctuations: If the fund invests in assets denominated in a currency other than the investor's base currency, exchange rate movements can affect returns. A weakening currency reduces the fund's value when converted back to the investor's currency.

Fund Management Expertise: The skill and experience of the fund manager in selecting assets and managing risk significantly influences the fund's performance and, therefore, its price. A well-managed fund is more likely to deliver consistent returns.

Expense Ratio and Fees: The fund's operating expenses, including management fees and administrative costs, reduce the fund's returns. Higher expense ratios can hinder performance and make the fund less attractive to investors, potentially impacting its price.

Supply and Demand: Basic economic principles apply. High demand for the fund relative to its available units drives the price up, while excess supply puts downward pressure on the price. Redemptions can decrease supply.