Performance of Underlying Assets: The EUFUND likely invests in a basket of assets, so their performance directly impacts the fund's net asset value (NAV).

Market Sentiment: Broad market trends, especially those affecting European equities or specific sectors the fund invests in, influence investor demand and thus price.

Fund Management Decisions: The fund manager's strategic allocation, stock picking, and risk management choices affect the fund's returns.

Expense Ratio and Fees: The fund's operating costs, including management fees, impact overall returns and may deter investors if deemed too high.

Currency Fluctuations: If the fund holds assets denominated in currencies other than GBP, exchange rate changes affect the fund's value.

Interest Rates: Interest rate policies of the European Central Bank can impact the valuation of companies and bonds held by the fund.

Economic Conditions in Europe: Economic growth, inflation, and unemployment rates in the Eurozone affect the profitability of European companies and investor sentiment.

Investor Demand: High demand for the fund pushes the price up, while selling pressure causes it to fall, creating premium and discount.