Market Sentiment: Overall investor confidence and risk appetite influence fund flows and asset valuations, impacting the fund's net asset value.

Fund Performance: Past performance relative to its benchmark and peers can attract or deter investors, affecting demand and price.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth impact the value of underlying assets held by the fund.

Brexit Impact: As a fund focused on Europe, the ongoing effects of Brexit on European economies and businesses can influence its performance.

Currency Fluctuations: Changes in the value of the British pound versus other European currencies can affect the fund's returns, especially if assets are denominated in different currencies.

Sector Performance: The performance of specific sectors within Europe that the fund invests in (e.g., technology, finance, healthcare) directly impacts its holdings.

Regulatory Changes: New regulations affecting European businesses or investment funds can influence market sentiment and asset values within the fund's portfolio.

Political Stability: Political events and instability in European countries can create uncertainty and impact investor confidence, affecting fund prices.

Company Specific News: News and events related to individual companies held within the fund's portfolio can cause fluctuations in their stock prices, which contribute to the fund's overall value.

Fund Management Fees: The fund's expense ratio impacts its net returns and can make it more or less attractive compared to lower-cost alternatives.