Market Performance: Overall market trends, particularly in European equities, significantly influence the fund's Net Asset Value (NAV).

Economic Conditions: Economic growth, inflation, and interest rates in Europe impact the performance of companies held within the fund.

Company Performance: The financial health and stock performance of the individual companies in which the fund invests directly affect its value.

Sector Performance: The performance of specific sectors the fund is heavily invested in, such as technology or healthcare, plays a crucial role.

Currency Fluctuations: Changes in the exchange rate between the British Pound (fund currency) and the Euro (currency of underlying assets) can impact returns.

Fund Management: The fund manager's investment strategy, stock selection, and trading decisions influence the fund's overall performance.

Investor Sentiment: Overall investor confidence and demand for European equity funds affect the price, especially during periods of market volatility.

Expense Ratio: The fund's operating expenses, including management fees, impact the returns available to investors and thus its attractiveness.

Geopolitical Events: Major political events or crises in Europe can create market uncertainty and influence investor behavior and fund prices.

Regulatory Changes: Changes in financial regulations in Europe can affect the profitability and valuation of companies within the fund's portfolio.