Underlying Asset Performance: The fund's price is significantly affected by the performance of the assets it holds. Positive performance increases the price, while negative performance decreases it. Market Sentiment: Overall investor confidence and market trends play a crucial role. Bull markets usually boost the fund's price, while bear markets can lead to declines. Expense Ratio: The fund's operating expenses, including management fees, can impact its overall return and consequently its price. Higher expense ratios may lead to slightly lower net returns for investors. Supply and Demand: The balance between investors buying and selling fund shares influences the price. High demand drives prices up, while increased selling pressure can lower them. Currency Fluctuations: If the fund invests in assets denominated in currencies other than the fund's base currency, exchange rate changes will impact the fund's price.