Asset Performance: The underlying assets' performance directly impacts the fund's price. Positive returns increase value, negative returns decrease it. Market Conditions: Broad market trends, economic indicators, and investor sentiment affect the overall demand and supply for the fund and its assets. Interest Rates: Interest rate changes can influence bond valuations and potentially affect the yield and attractiveness of fixed-income assets within the fund. Expense Ratio: A higher expense ratio can reduce the fund's returns, indirectly impacting the price by lowering overall profitability. Fund Management: The skill and strategy of the fund manager in selecting and managing the underlying assets play a crucial role in the fund's performance and price. Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate fluctuations can impact the fund's value when converted back to EUR. Inflation: Inflation levels affect the purchasing power of returns and can impact investor demand for the fund, potentially influencing its price. Regulatory Changes: New regulations or changes in existing regulations can affect the fund's operations, asset allocation, and ultimately its performance and price.