Fund Performance: The historical and current performance of the fund directly impacts its price. Strong performance typically leads to higher demand and thus a higher price. Market Conditions: General market trends, economic indicators (like GDP growth, inflation, interest rates), and investor sentiment all influence the fund's net asset value (NAV). Sector Performance: The specific sectors in which the fund invests (e.g., technology, healthcare) affect its price. A boom in a particular sector can drive up the fund's value. Currency Fluctuations: If the fund invests in assets denominated in a currency other than the fund's base currency, exchange rate changes impact the fund's value. Fund Management: The skill and strategy of the fund manager play a critical role. Sound investment decisions and effective risk management can positively affect returns. Expense Ratio: Higher expense ratios (management fees, operating costs) reduce the fund's returns, potentially impacting its price over time. Supply and Demand: The relative supply and demand for the fund's shares in the secondary market influences its price. High demand pushes the price upward. Regulatory Changes: New regulations or policy changes that impact the fund's investments or operations can affect investor confidence and the fund's price.