Market Sentiment: Overall investor confidence and risk appetite directly impact fund valuations, particularly in volatile markets.

Economic Indicators: Macroeconomic data such as GDP growth, inflation, and interest rates can significantly influence underlying asset performance and fund prices.

Fund Performance: Past performance relative to benchmarks and peer funds is a key factor in attracting or deterring investors, affecting demand and price.

Management Expertise: The skills and experience of the fund managers in selecting assets and managing risk play a crucial role in determining the fund's success.

Fund Size and Liquidity: The asset base and ease of buying or selling fund shares affect price stability and potential price fluctuations.

Expense Ratio: Higher fees can negatively impact returns, making the fund less attractive compared to lower-cost alternatives.

Regulatory Changes: New rules or regulations impacting the financial markets or the fund's investment strategy can affect investor confidence and pricing.

Interest Rate Movements: Changes in interest rates can affect fixed-income investments within the fund, leading to changes in the fund's net asset value.

Geopolitical Events: Political instability, international conflicts, and trade tensions can impact market confidence and fund prices.

Currency Exchange Rates: For funds investing in foreign assets, exchange rate fluctuations can influence returns when converted back to the base currency.