Fund Performance: The fund's historical returns and relative performance compared to its benchmark and peer group significantly influence investor demand and thus its price.

Market Conditions: General market trends, economic outlook, and investor sentiment greatly impact fund valuations. Positive market conditions typically lead to price increases.

Interest Rates: Changes in interest rates can affect the attractiveness of fixed-income securities within the fund, influencing its price.

Currency Fluctuations: As a EUR-denominated fund, currency fluctuations against other currencies, especially those of underlying assets, can impact its value.

Management Fees and Expenses: The fund's expense ratio and management fees can affect its overall profitability and attractiveness to investors.

Underlying Asset Performance: The performance of the specific assets held within the fund directly affects its net asset value (NAV) and ultimately its price.

Investor Demand: High demand for the fund can drive up its price, while increased selling pressure can lead to price decreases.

Fund Flows: Significant inflows of new capital can dilute existing holdings, potentially moderating price increases, while outflows can force asset sales, potentially lowering the price.