Underlying Asset Performance: The fund's price is significantly influenced by the performance of its underlying investments, primarily European equities. Positive market returns and strong performance of individual holdings will generally drive the fund's price higher.

Investor Sentiment: Overall investor confidence in European markets and the specific sectors the fund invests in can affect demand. Increased demand leads to a higher fund price, while negative sentiment can cause price declines.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, interest rates, and unemployment within Europe can impact corporate earnings and, consequently, the value of European equities held by the fund.

Currency Fluctuations: As the fund invests in European assets, currency exchange rates, particularly the EUR/GBP rate, will play a role. A strengthening Euro against the Pound Sterling will increase the fund's GBP value.

Fund Management Fees: The fund's expense ratio and other management fees are deducted from the fund's assets, which can impact the overall return and therefore the price of the fund units over time.

Supply and Demand: Like any asset, the price of the fund is subject to the basic principles of supply and demand. Higher demand than supply will push the price higher, and vice versa.

Geopolitical Events: Political instability, regulatory changes, or major geopolitical events within Europe can create uncertainty and impact investor sentiment, affecting the fund's value.

Fund Size and Liquidity: A larger fund may be more liquid, making it easier to buy and sell units without significantly impacting the price, although extremely large funds may become more difficult to manage effectively.