Economic Conditions: Overall economic health, including GDP growth, inflation, and interest rates, impacts investment performance and thus the fund's Net Asset Value (NAV).

Market Sentiment: Investor confidence and risk appetite drive fund flows and valuations, affecting demand and supply, influencing price.

Sector Performance: The fund's investments in specific industries or sectors influence performance, especially if concentrated.

Fund Management: Investment decisions, stock selection, and trading strategies affect returns and overall fund performance, impacting the NAV.

Regulatory Changes: Shifts in financial regulations, tax policies, or industry-specific rules can influence investor behavior and fund performance.

Geopolitical Events: Global events, political instability, or trade wars can significantly impact markets, influencing the fund's performance and pricing.

Currency Fluctuations: Exchange rate movements between the fund's base currency and the currencies of its underlying assets impact returns.

Fund Expenses: Management fees, operating expenses, and transaction costs impact the fund's NAV, reducing returns for investors.

Dividend Yield: The fund's dividend payout policy and underlying assets' dividend yields affect investor demand and the fund's valuation.

Interest Rate Changes: Impacts bonds values of underlying assets if the fund holds fixed income securities.