**Market Performance:** The overall performance of European stock markets significantly influences the fund's price. Strong market performance tends to drive up the fund's value, while downturns lead to price decreases.

**Underlying Holdings:** The specific stocks and other assets held within the fund directly impact its price. If the value of these assets increases, the fund's price typically rises, and vice versa.

**Fund Management:** The skill and strategy of the fund managers play a crucial role. Effective management decisions can lead to better returns and a higher fund price.

**Economic Conditions:** Broad economic factors, such as inflation, interest rates, and GDP growth in Europe, can affect the fund's performance and price.

**Investor Sentiment:** General investor sentiment and demand for European equities influence the fund's price. Higher demand can push the price up, while lower demand can lead to a decrease.

**Currency Fluctuations:** Exchange rate movements between the fund's base currency (likely GBP) and the currencies of the assets it holds (e.g., EUR) can impact the fund's price.

**Fund Flows:** Inflows and outflows of money into and out of the fund can affect its price. Large inflows can drive the price up, while significant outflows can put downward pressure on it.