Asset Performance: The underlying assets held within the fund, such as stocks, bonds, or other investments, directly impact the fund's price. Positive asset performance leads to price increases, while negative performance causes decreases. Market Conditions: Broader market trends, economic indicators (like inflation and interest rates), and investor sentiment influence the overall demand for and valuation of the fund's holdings, thereby affecting its price. Currency Fluctuations: As an EU-based fund, currency exchange rates between the Euro and other currencies can impact the fund's value, particularly if the fund invests in assets denominated in other currencies. Supply and Demand: The basic principle of supply and demand applies. Increased demand for the fund's shares drives up the price, while increased selling pressure reduces it. Fund flows reflect this. Management Fees and Expenses: The fees charged by the fund's managers and other operational expenses reduce the fund's overall returns, which, in turn, can affect its price over time. Fund's Investment Strategy: The specific investment strategy employed by the fund (e.g., growth, value, income) and its success in executing that strategy affect its performance and, consequently, its price.