Underlying Asset Performance: The fund's net asset value (NAV) is directly impacted by the performance of its underlying assets, primarily equities. Positive performance increases the NAV, while negative performance decreases it.

Market Conditions: Broad economic trends, investor sentiment, and geopolitical events can significantly influence stock market valuations, affecting the fund's holdings and price.

Fund Management Strategy: Investment decisions by the fund manager, including asset allocation and security selection, play a crucial role in determining the fund's returns and price.

Expense Ratio: The fund's operating expenses, including management fees and administrative costs, are deducted from the fund's assets, reducing its overall returns and potentially impacting its price.

Supply and Demand: The market price can fluctuate based on the number of investors buying or selling shares of the fund. Increased demand usually leads to higher prices, and increased selling pressure results in lower prices.

Currency Exchange Rates: As the fund invests in global equities, changes in currency exchange rates can impact the value of its holdings when converted back to the fund's base currency.