Fund Performance: The fund's past returns and overall performance compared to its benchmark index influence investor demand and thus its price.

Market Conditions: General market trends, economic indicators, and investor sentiment impact all asset classes, including the fund's underlying investments.

Fund Management: Decisions made by the fund managers, such as asset allocation and security selection, directly affect fund performance and price.

Expense Ratio: The fund's operating expenses, including management fees and administrative costs, reduce returns and can impact the fund's attractiveness to investors.

Supply and Demand: Increased demand for fund shares pushes the price up, while increased selling pressure can lower it.

Interest Rates: Changes in interest rates can affect the valuation of fixed-income securities held by the fund and influence overall market sentiment.

Currency Fluctuations: For funds investing in international assets, currency exchange rates can impact the value of the fund's holdings.

Regulatory Changes: New regulations or tax laws can affect the fund's investment strategy and performance.

Underlying Assets: The price movements of the individual assets held within the fund's portfolio directly influence the fund's overall price.