Fundamentally, the Net Asset Value (NAV) drives the price. Market Performance: Investments in equities or bonds dictate the NAV's movement. A positive market trend lifts the fund, while a downturn lowers it. Sector Performance: Because it's likely a thematic fund, the specific sectors it targets will substantially impact price. If the targeted sectors thrive, the NAV rises, conversely a decline lowers it. Economic Indicators: Macroeconomic factors like inflation, interest rates, and GDP growth influence asset valuations held within the fund. Currency Fluctuations: If the fund invests in assets denominated in different currencies, exchange rate changes impact the NAV when translated back to the fund's base currency. Fund Flows: Significant inflows can temporarily increase demand, while large outflows might necessitate selling assets, possibly impacting NAV negatively. Management Fees & Expenses: The fund's operational costs, including management fees, administration costs, and other expenses, reduce the NAV. Company Specifics: Performance of underlying individual holdings in the fund's portfolio play significant role in overall fund performance.