Performance of Underlying Assets: The value of the fund's investments directly impacts its price. Higher returns from stocks, bonds, or other assets within the fund drive the price up; poor performance lowers it.

Market Sentiment: Overall investor confidence and risk appetite influence demand for the fund. Positive sentiment leads to increased buying pressure, raising the price, while negative sentiment causes selling, pushing the price down.

Interest Rates: Changes in interest rates can affect bond yields and the attractiveness of fixed-income investments within the fund. Rising rates may decrease the fund's value, while falling rates can increase it.

Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate movements impact the fund's value when converted back to the base currency. A stronger euro relative to other currencies can boost returns; a weaker euro can reduce them.

Fund Management Fees and Expenses: The cost of managing the fund is deducted from its assets, which can slightly reduce its net asset value (NAV) and, consequently, its price. Higher fees lead to a lower net return for investors.

Supply and Demand: The basic principle of supply and demand applies to fund prices. High demand and limited supply will increase the price, while low demand and a large supply will decrease it.

Economic Conditions: Macroeconomic factors like inflation, GDP growth, and unemployment rates can influence the performance of the underlying assets and, thus, the fund's price. Strong economic growth often supports higher asset prices.