Performance of Underlying Assets: The fund's Net Asset Value directly reflects the performance of the assets it holds, primarily stocks or bonds of European companies. Strong performance in these assets leads to a higher fund price.

Market Sentiment: Overall investor confidence and risk appetite regarding European equities can influence demand and price. Positive sentiment increases buying pressure, driving the price up.

Currency Fluctuations: As the fund invests in European assets, currency exchange rates, particularly EUR versus the fund's reporting currency, affect the value when converted and thus the fund's price.

Interest Rates: Interest rate changes in Europe or globally can affect the valuation of underlying bonds (if any) and overall market sentiment towards equities, impacting the fund price.

Fund Flows: Large inflows increase demand, potentially pushing the price up, while significant outflows can lead to selling pressure and lower prices.

Economic Indicators: Key economic data releases such as GDP growth, inflation, and unemployment figures in Europe influence investor expectations and market sentiment, affecting the fund's price.