Fund Performance: The underlying assets' performance directly impacts the fund's Net Asset Value, a key pricing factor. Strong performance increases demand and price.

Market Conditions: Broad economic trends, interest rates, and investor sentiment in the markets where the fund invests influence its value.

Fund Flows: Large inflows can dilute returns if quickly deployed, while outflows may necessitate selling assets, impacting price, especially in volatile markets.

Management Fees: The fund's expense ratio and management fees affect the overall return, thus impacting the price investors are willing to pay.

Currency Fluctuations: If the fund holds assets denominated in foreign currencies, exchange rate movements can positively or negatively influence the fund's value when converted back to the base currency.

Regulatory Changes: New regulations or tax laws affecting the fund's investments or operations can impact its attractiveness and price.