Market performance: Overall market trends, particularly in the European markets where the fund invests, significantly influence its value. Positive market sentiment usually drives prices up, while downturns lead to declines.

Fund holdings: The underlying assets held by the fund, their individual performance, and sector allocation directly impact the fund's NAV (Net Asset Value) and therefore its price.

Investor sentiment: Investor demand and supply for the fund's shares can cause price fluctuations. High demand tends to increase the price, while increased selling pressure can push it down.

Expense ratio: The fund's operating costs, including management fees, can affect its returns and therefore the price over time. Higher expense ratios can erode returns.

Currency fluctuations: As the fund invests in European assets, currency exchange rates between GBP and EUR can impact the fund's price when viewed in GBP terms. A strengthening EUR against GBP can increase the fund's price.

Interest rates: Changes in interest rates, particularly in Europe, can affect the valuation of the underlying assets held by the fund, such as bonds or equities, and thus affect the fund's price.