Fund Performance: Strong performance attracts investors, driving up demand and price; conversely, poor performance leads to selling and price decline.

Market Conditions: Overall market sentiment, economic growth, and sector-specific trends influence investor appetite and thus fund valuation.

Interest Rates: Higher interest rates can make fixed income investments more attractive, potentially impacting demand for equity funds like GB00BQ1MHS31.

Inflation: High inflation can erode purchasing power, making investors cautious and potentially reducing investment in funds.

Currency Fluctuations: As an EU fund, exchange rate movements between GBP and EUR (or other relevant currencies) can impact returns for UK investors.

Fund Management Fees: Higher fees can detract from returns, potentially making the fund less attractive and affecting its price.

Investor Sentiment: General investor mood, influenced by news and events, can drive buying or selling pressure, impacting the fund's price.

Political & Economic Stability: Uncertainty in the political or economic landscape, particularly in Europe, can negatively impact investor confidence and fund valuation.

Fund Size and Liquidity: Larger, more liquid funds tend to be more stable, while smaller, less liquid funds can experience greater price volatility.