[Market Performance]: Performance of underlying assets, like European stocks, directly impacts the fund's Net Asset Value (NAV). Positive market trends usually increase the fund's price.

[Investor Sentiment]: Demand for the fund affects its price. High demand can drive it above NAV, while low demand can push it below.

[Expense Ratio]: Fund's operating costs affect returns. Higher expense ratios can decrease potential returns and, indirectly, the price.

[Currency Fluctuations]: Changes in the exchange rate between the fund's base currency (likely GBP) and the currencies of underlying European assets impacts the GBP value of investments.

[Interest Rates]: European Central Bank's interest rate policies can affect European stock market and thus, the fund's price.

[Economic Indicators]: Factors like GDP growth, inflation, and unemployment in Europe affect investor confidence and market performance, influencing the fund's value.

[Geopolitical Events]: Political instability or significant events in Europe can cause market volatility and impact the fund's price.

[Fund Manager Skill]: The fund manager's investment decisions affect the fund's performance relative to its benchmark, which can influence investor demand and, therefore, the price.

[Fund Flows]: Large inflows or outflows of money from the fund can temporarily impact its price, especially if the fund needs to quickly buy or sell assets.

[Specific Holdings Performance]: Performance of specific companies or sectors held by the fund will directly affect its overall value.