Global economic conditions: Overall health of the global economy, including GDP growth, inflation, and interest rates, impacts investment sentiment and fund performance.

Eurozone economic performance: As an EU fund, the economic health of the Eurozone significantly affects the performance of the underlying assets and the fund's value.

Interest rate policies: Changes in interest rates by the European Central Bank (ECB) influence borrowing costs, investment yields, and overall market sentiment.

Market sentiment: Investor confidence and risk appetite play a role in driving fund flows and asset valuations.

Fund management decisions: The fund manager's investment strategy, stock selection, and asset allocation decisions directly affect the fund's returns.

Sector performance: The performance of the specific sectors the fund invests in (e.g., technology, healthcare) will influence the fund's overall performance.

Political events: Political instability or major policy changes within the EU can impact market confidence and fund performance.