Underlying Asset Performance: The price is heavily influenced by the performance of the assets held within the fund, primarily European equities. Positive performance in these equities generally drives the fund's price up, while negative performance pushes it down.

Market Sentiment: Overall investor confidence and risk appetite towards European markets significantly affect demand for the fund. Positive sentiment boosts demand and price, while negative sentiment reduces demand and price.

Economic Conditions: Economic factors in Europe, such as GDP growth, inflation, and interest rates, impact the profitability of companies within the fund's portfolio, ultimately affecting the fund's value.

Currency Fluctuations: Since the fund likely invests in European assets, fluctuations in the value of the Euro relative to other currencies can impact returns for investors in other countries.

Fund Management Fees & Expenses: The fund's expense ratio (management fees and operating expenses) directly impacts the net return to investors. Higher expenses result in lower net returns.

Supply and Demand: The basic principle of supply and demand influences the fund's price. Higher demand with limited supply can increase the price, and vice versa.