Fund Performance: Past returns and relative performance compared to benchmarks strongly influence investor demand and thus price.

Market Conditions: Broader economic trends, interest rates, and overall market sentiment affect investor appetite for risk assets, impacting fund valuations.

Expense Ratio: Higher fees detract from returns, potentially making the fund less attractive and negatively affecting its price over time.

Fund Size & Liquidity: AUM and trading volume impact price stability and how easily investors can buy or sell shares without significantly moving the price.

Portfolio Composition: The underlying assets held by the fund, and their individual performance, directly determine the fund's value and influence its price.

Managerial Expertise: The skills and track record of the fund's management team play a crucial role in investment decisions and therefore impact performance and price.

Investor Sentiment: General investor optimism or pessimism regarding specific sectors or regions targeted by the fund can influence demand and price.

Currency Fluctuations: For funds investing in international assets, exchange rate movements between currencies can impact the fund's value in EUR.

Regulatory Changes: New rules or policies impacting the fund's investment strategy, eligible assets, or reporting requirements could affect its perceived risk and price.