The price of FR0000987950.EUFUND, like most mutual funds, is primarily affected by the Net Asset Value (NAV). NAV Calculation: The NAV reflects the market value of the underlying assets (stocks, bonds, etc.) held by the fund, minus liabilities, divided by the number of outstanding shares. Daily market fluctuations of these assets directly impact the NAV. Market Performance: The performance of the specific markets and sectors in which the fund invests is a key driver. If the overall European market, or the specific sectors targeted by EUFUND, performs well, the NAV will likely increase. Interest Rates: Changes in interest rates can affect the value of fixed-income securities held within the fund. Rising rates can lead to a decline in bond prices, and vice-versa. Fund Management: The fund manager's investment decisions and strategies also affect performance. Effective stock picking, asset allocation, and risk management can contribute to higher returns. Investor Demand: While NAV is the primary determinant, strong investor demand can sometimes lead to a premium over NAV, while high redemption rates can pressure the price downwards. Expense Ratio: The fund's expense ratio (management fees, operating costs) reduces returns over time. Higher expenses can detract from overall performance. Economic Conditions: Macroeconomic factors like inflation, GDP growth, and unemployment rates in the European Union can influence investor sentiment and market performance, indirectly impacting the fund's price.