Interest Rates: Interest rate hikes typically decrease bond prices, while rate cuts increase them. ES0113606018.EUFUND's price moves inversely with interest rate changes.

Credit Risk: Increased perceived risk of default on bonds held in the fund decreases its price. Credit downgrades directly lower the fund's value.

Inflation Expectations: Rising inflation expectations erode the real value of fixed income, lowering bond prices and, therefore, ES0113606018.EUFUND's value.

Market Sentiment: General risk aversion reduces demand for bond funds, decreasing prices. Positive market sentiment often increases demand and prices.

Fund Management: The fund manager's decisions on asset allocation and security selection impact the fund's performance and price. Poor investment choices can decrease value.

Economic Growth: Strong economic growth can lead to higher interest rates and inflation, negatively affecting bond prices and the fund's value. Slow growth can have the opposite effect.

Liquidity: Lower liquidity in the underlying bond market can make it harder to buy or sell bonds, increasing volatility and potentially decreasing the fund's price.