Fund Performance: Strong fund performance generally attracts more investors, increasing demand and potentially driving up the price. Conversely, poor performance can lead to redemptions and price declines.

Market Conditions: Broader market trends, such as bullish or bearish sentiment, sector performance (especially in Europe), and economic indicators, influence investor confidence and trading activity, impacting fund valuation.

Interest Rates: Changes in interest rates can affect bond yields and the attractiveness of equity investments, influencing investor allocations and fund prices.

Inflation: Rising inflation can erode purchasing power, potentially leading investors to adjust their portfolios and impacting asset valuations within the fund.

Currency Fluctuations: As the fund likely holds European assets, currency exchange rates between GBP and EUR can impact the fund's value when converted back to GBP for UK investors.

Fund Manager Decisions: The fund manager's investment strategy, stock selection, and trading activities significantly affect the fund's returns and, therefore, its price.

Economic Data Releases: Key economic data releases, like GDP growth, unemployment figures, and inflation reports in the Eurozone and UK, can trigger market reactions and impact fund valuations.

Geopolitical Events: Political instability, trade wars, or significant geopolitical events in Europe or globally can create market uncertainty and volatility, influencing fund prices.

Investor Sentiment: Overall investor confidence and risk appetite play a crucial role. Positive sentiment can drive investment into the fund, while fear can trigger withdrawals.

Fund Flows: Large inflows or outflows of money into or out of the fund can impact the fund's liquidity and potentially influence its unit price.