Global markets performance: The fund's Net Asset Value (NAV) is directly affected by the performance of the assets it holds, primarily equities in global markets. Positive market movements will increase the NAV, while negative movements will decrease it.

Fund manager's expertise: The fund manager's investment decisions, including stock selection and sector allocation, significantly influence the fund's returns and therefore its price. Skillful management can lead to higher returns.

Economic indicators: Macroeconomic factors such as inflation, interest rates, and economic growth in key global economies can impact corporate earnings and market sentiment, thereby affecting the value of the fund's holdings.

Geopolitical events: Global political and economic events, such as trade wars, political instability, or major elections, can create market volatility and impact the fund's performance.

Currency exchange rates: Fluctuations in currency exchange rates can affect the value of the fund's holdings, especially if the fund invests in companies outside of its base currency.

Fund flows: Large inflows into the fund can increase demand, potentially driving up the price temporarily. Conversely, significant outflows can put downward pressure on the price.

Fund fees and expenses: The fund's expense ratio, which includes management fees and other operational costs, directly reduces the fund's returns and impacts its overall price.

Investor sentiment: Overall investor confidence and risk appetite can influence demand for the fund, thereby affecting its price. Positive sentiment tends to drive prices up, while negative sentiment leads to price declines.