Fund Performance: HAAA11.SA's price reflects its investment performance; higher returns usually lead to higher prices.

Market Sentiment: Overall investor confidence and market trends influence demand, impacting HAAA11.SA's price.

Interest Rates: Changes in interest rates affect the attractiveness of fixed-income investments like those potentially held by HAAA11.SA.

Economic Conditions: Macroeconomic factors such as inflation and GDP growth can affect the performance of underlying assets and thus HAAA11.SA's price.

Fund Flows: Large inflows or outflows of money from HAAA11.SA can pressure its price.

Real Estate Market: As a real estate fund, HAAA11.SA's price is influenced by the performance and valuation of the real estate assets it holds.

Dividend Yield: The dividend yield of HAAA11.SA relative to other investment options can influence its price; higher yields attract investors.

Liquidity: The ease with which HAAA11.SA shares can be bought and sold affects its price; lower liquidity can increase volatility.

Management Fees: The fees charged by the fund managers can influence investor demand and, consequently, the fund's price.

Regulatory Changes: Changes in regulations affecting the real estate or investment fund industries can affect HAAA11.SA's price.