Asset Performance: The underlying assets (equities, bonds) within the fund directly influence its price. Positive asset performance increases fund value, negative decreases it.

Market Sentiment: Overall market conditions and investor confidence affect demand. Bull markets raise prices; bear markets lower them.

Interest Rates: Interest rate changes impact bond values within the fund. Rising rates can decrease bond values, potentially lowering the fund's price.

Currency Fluctuations: As an EU fund, currency exchange rates between GBP and EUR affect the fund's value when viewed in GBP. EUR appreciation raises the fund's GBP price; depreciation lowers it.

Fund Management: The fund manager's decisions regarding asset allocation and security selection impact performance, influencing the fund's price.

Economic Conditions: Economic indicators like GDP growth, inflation, and unemployment in the EU affect company earnings and bond yields, thus impacting the fund's holdings and price.

Geopolitical Events: Political instability or major events in the EU or globally can create uncertainty and affect investor sentiment, impacting the fund's price.

Supply and Demand: High demand for the fund pushes its price up; increased selling pressure pushes it down. Investor flows create supply and demand.