Underlying Asset Performance: The performance of assets held within the fund directly impacts its price. Positive performance of holdings drives the fund price up, while negative performance lowers it. Market Conditions: Broader economic trends, investor sentiment, and overall market volatility influence the demand and supply of the fund's shares, thereby affecting its price. Interest Rates: Changes in interest rates can impact the attractiveness of the fund relative to other investments, indirectly impacting its price. Fund Management Strategy: The fund manager's investment decisions and skill in navigating market conditions significantly affect the fund's performance and price. Expense Ratio: The fund's expense ratio, which includes management fees and operating expenses, reduces the overall return and consequently affects its price. Currency Exchange Rates: Fluctuations in currency exchange rates can influence the value of the fund's assets, particularly if it invests in international securities. Supply and Demand: The balance between buyers and sellers in the market directly affects the fund's price. Higher demand generally leads to price increases, while increased supply can lower prices.