Fund Performance: Historical and current performance directly impacts investor demand and thus price. Strong performance attracts investment, increasing the fund's net asset value and price.

Market Conditions: Overall market sentiment, economic indicators, and geopolitical events influence investor risk appetite and asset allocation. Bull markets generally boost fund prices, while bear markets depress them.

Fund Holdings: The value of the underlying assets (stocks, bonds, etc.) within the fund determines its net asset value (NAV). Changes in the prices of these holdings directly affect the fund's price.

Management Fees: The fund's expense ratio, including management fees, impacts returns. Higher fees can reduce overall returns, potentially making the fund less attractive to investors and impacting price.

Interest Rates: Interest rate changes can impact bond values and the attractiveness of dividend-paying stocks, which in turn affects the fund's price if it holds these assets.

Investor Sentiment: Positive or negative sentiment towards the fund or its investment strategy can drive buying or selling pressure, impacting the fund's price.

Currency Fluctuations: For funds holding assets denominated in foreign currencies, exchange rate movements can impact the fund's value when converted back to the reporting currency.

Redemptions and Inflows: Large redemptions can force the fund to sell assets, potentially depressing the price. Conversely, large inflows can increase demand and push the price higher.