Underlying Asset Performance: The primary driver is the performance of the assets held within the EUFUND. Positive returns in its holdings generally lead to a price increase, while negative returns decrease the price.

Market Conditions: Overall market sentiment, economic indicators, and geopolitical events in Europe can impact the demand for and valuation of European assets, indirectly influencing the fund's price.

Fund Flows: Significant inflows of capital into the fund can drive the price up, while large outflows can put downward pressure on the price as the fund manager needs to sell assets.

Expense Ratio and Fees: The fund's expense ratio and any associated fees reduce the overall return to investors and can thus affect the fund's attractiveness and price relative to similar funds.

Currency Exchange Rates: For investors holding the fund in a currency other than the Euro, fluctuations in exchange rates between the Euro and their currency can affect the perceived price and returns.

Interest Rates: Changes in interest rates, particularly within the Eurozone, can impact the valuation of fixed-income assets held by the fund and influence investor appetite for riskier assets, affecting the fund's price.