Market Conditions: Overall market sentiment, economic indicators (like GDP growth, inflation, interest rates), and investor risk appetite influence fund prices.

Underlying Assets: The performance of the companies and assets held within the fund's portfolio directly impacts its value.

Currency Fluctuations: As an EU fund, changes in currency exchange rates (particularly EUR against GBP) can affect returns for UK-based investors.

Fund Management: The skill and strategy of the fund manager in selecting investments and managing risk contribute significantly.

Fund Expenses: Management fees, operating expenses, and transaction costs deducted from the fund reduce net returns.

Supply and Demand: Higher demand for the fund generally leads to a higher price, while increased selling pressure can lower it.

Regulatory Changes: Changes in laws or regulations affecting the fund or its underlying investments can impact its value.

Political Events: Major political events, especially in Europe, can create market volatility and affect investor confidence.

Dividend Payments: The dividends received from the fund's holdings influence the overall return and can affect the price.

Geopolitical Risk: Global events and tensions can create uncertainty, impacting investment decisions and fund prices.