Economic Indicators: Economic growth, inflation rates, and interest rate policies influence investor sentiment and the overall market performance, affecting fund valuations.

Market Sentiment: Investor confidence and risk appetite can drive demand for the fund, impacting its price. Positive sentiment increases demand, pushing prices up, and vice-versa.

Fund Holdings' Performance: The performance of the underlying assets (stocks, bonds, etc.) held by the fund directly impacts its net asset value (NAV), which in turn affects the fund's price.

Currency Fluctuations: As the fund likely holds assets denominated in different currencies, exchange rate movements can affect the value of those assets when converted back to the fund's base currency.

Fund Management Fees: Management fees and other expenses associated with running the fund reduce the fund's returns and affect its overall price compared to similar funds with lower costs.

Supply and Demand: Basic economic principles of supply and demand play a role. Increased demand relative to the supply of fund units can drive up the price.

Regulatory Changes: New regulations or changes in existing laws governing investment funds can impact the fund's operation and potentially affect its attractiveness to investors.

Geopolitical Events: Major global events, such as political instability or economic crises, can create uncertainty in the market and impact fund valuations.