Global economic conditions: Global economic growth, inflation, and interest rates influence investor sentiment and fund flows, affecting asset valuations.

Market performance: Stock and bond market returns directly impact the fund's net asset value (NAV) as it invests in these assets.

Sector trends: Performance of the specific sectors the fund invests in, such as technology or healthcare, influences overall returns.

Fund management expertise: The fund manager's ability to select profitable investments and manage risk affects the fund's performance.

Geopolitical events: Political instability, trade wars, and other international events can create market volatility and impact asset prices.

Interest rate changes: Rising interest rates can decrease bond values, impacting fixed-income funds, while affecting equity valuations.

Currency fluctuations: Currency exchange rates can affect the value of international investments held by the fund, depending on hedging strategies.

Investor sentiment: Overall market optimism or pessimism influences fund inflows and outflows, affecting the fund's price.

Regulatory changes: New laws and regulations impacting the financial markets can alter investment strategies and affect fund performance.

Fund expenses: Management fees, operating expenses, and transaction costs reduce the fund's overall returns and its relative competitiveness.