Underlying Asset Performance: The primary driver is the performance of the assets held within the fund, reflecting market fluctuations.

Market Sentiment: Investor confidence and overall market trends impact demand and therefore the fund's price.

Interest Rate Changes: Shifts in interest rates can influence bond valuations and investor preferences, affecting fund demand.

Currency Fluctuations: As an international fund, exchange rate movements impact the value of foreign assets when converted to the fund's base currency.

Fund Management Fees: Fees and expenses charged by the fund manager can reduce returns and affect the net asset value.

Economic Conditions: Macroeconomic factors such as inflation, GDP growth, and unemployment rates influence investor behavior and market performance.

Political Events: Geopolitical instability and political decisions can create market volatility and impact investor sentiment.

Supply and Demand: The balance between the number of investors wanting to buy and sell shares of the fund affects its price.

Fund Flows: Large inflows or outflows of capital can impact the fund's ability to manage its assets effectively, leading to price volatility.

Regulatory Changes: Changes in regulations related to investment funds can influence investor behavior and market accessibility.