Investment Strategy: The fund's focus on European equities and its specific investment style influence its performance.

Market Conditions: Broad economic trends and investor sentiment in European markets directly impact the fund's value.

Company Performance: The success or failure of the companies within the fund's portfolio affects its overall returns.

Currency Fluctuations: Changes in the exchange rate between the Euro and other currencies, especially GBP, can impact returns for non-Euro investors.

Fund Management: The skill and experience of the fund managers in selecting and managing investments affect performance.

Expenses and Fees: Management fees, operating expenses, and transaction costs reduce the fund's overall returns.

Interest Rates: Interest rate changes by the European Central Bank can influence equity valuations.

Geopolitical Risks: Political instability and policy changes within Europe can affect market confidence and asset values.

Inflation: Inflationary pressures in Europe can erode corporate profits and impact investment returns.

Dividend Yields: The dividend yields of the underlying companies can contribute to the fund's total return.