Fund Performance: Past performance, while not indicative of future results, influences investor demand. Strong historical returns often attract more investment, driving up the fund's price.

Market Conditions: Broad economic trends, sector-specific performance (e.g., energy, technology), and overall investor sentiment significantly affect the fund's value.

Interest Rates: Changes in interest rates can impact the attractiveness of bond funds and the valuation of equity holdings within the fund.

Inflation: High inflation erodes purchasing power, potentially leading to reduced investment and affecting the fund's performance.

Management Fees: High expense ratios can negatively impact returns, making the fund less attractive compared to lower-cost alternatives.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate movements can affect its value when converted back to the fund's base currency.

Fund Size: Extremely large or small fund sizes can affect liquidity and trading costs, potentially impacting price.

Regulatory Changes: New regulations in the fund's domicile or in the markets where it invests can influence fund operations and returns.

Geopolitical Events: Political instability, trade wars, or other international events can create market volatility and affect fund prices.

Supply and Demand: The balance between investors buying (demand) and selling (supply) fund shares directly influences the market price of the fund.