Underlying Asset Performance: The fund's price heavily relies on the performance of its underlying investments. Positive performance of these assets typically leads to a price increase.

Market Sentiment: Overall investor sentiment towards European equities and related markets can impact demand for the fund, influencing its price. Bullish sentiment drives prices up, bearish sentiment drives them down.

Fund Management Fees: Fees charged by the fund manager reduce the net asset value (NAV) over time, thereby affecting the fund's price negatively.

Economic Conditions: Broader economic factors like inflation, interest rates, and GDP growth in Europe impact company earnings and, consequently, stock prices within the fund's portfolio.

Currency Fluctuations: As the fund likely holds assets denominated in various European currencies, exchange rate movements can affect the fund's price in your base currency.

Supply and Demand: Simple economics applies here. High demand coupled with limited supply drives the price up, and vice versa.

Political Events: Major political events and policy changes within Europe can create market uncertainty and impact the value of the fund's holdings.

Sector Performance: The performance of specific industry sectors the fund invests in will influence the overall fund price.