Market Performance: Overall market conditions, particularly in European equities, significantly impact the fund's Net Asset Value (NAV). Rising markets generally increase the fund's value.

Fund Holdings' Performance: The performance of the specific companies and assets held within the EUFUND portfolio directly affects its price. If the underlying investments do well, the fund's value rises.

Investor Sentiment: Investor confidence and demand for European equities can drive up the fund's price as more people invest. Negative sentiment can lead to selling pressure and a price decrease.

Currency Fluctuations: As an EU fund, currency exchange rates, especially between GBP and EUR, can influence the fund's value for GBP-based investors. A stronger Euro relative to GBP increases the fund's value.

Fund Management Fees: The annual management fee charged by the fund's managers impacts the overall returns and, consequently, the fund's price. Higher fees can eat into profits.

Expense Ratio: The fund's expense ratio, encompassing administrative costs and other operational expenses, reduces the fund's overall returns and impacts the price. Lower ratios are generally better.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, interest rates, and unemployment within the Eurozone can influence the performance of the companies held in the fund and, therefore, its price.

Political Events: Major political events in Europe, such as elections or policy changes, can create market volatility and affect investor sentiment, influencing the EUFUND's price.