Fund Performance: A fund's historical returns significantly impact its price; strong past performance attracts investors, increasing demand and thus, the price.

Market Conditions: Overall economic climate, including interest rates, inflation, and geopolitical events, influences investor sentiment and fund valuations.

Asset Allocation: The fund's investment strategy across different asset classes, like stocks, bonds, or real estate, affects its price based on the performance of those underlying assets.

Fund Manager Skill: The fund manager's ability to select profitable investments and manage risk plays a crucial role in determining fund performance and price.

Expense Ratio: High management fees and other operating expenses can erode returns and make the fund less attractive compared to lower-cost alternatives.

Investor Demand: Increased buying pressure drives up the fund's price, while selling pressure leads to price declines.

Currency Fluctuations: For funds investing in international assets, exchange rate movements can affect returns when converting back to the fund's base currency.

Regulatory Changes: New laws or regulations impacting the fund's investment strategy or cost structure can affect its value and price.