Economic Conditions: Broad economic indicators like GDP growth, inflation, and interest rates influence overall market sentiment and investor confidence, impacting fund valuations.

Market Performance: The performance of the underlying assets, predominantly European stocks, directly affects the fund's Net Asset Value (NAV). Positive market movements increase the NAV; negative movements decrease it.

Fund Management: The fund manager's investment strategy, stock selection skills, and risk management capabilities significantly influence the fund's performance and, consequently, its price.

Currency Fluctuations: Since the fund invests in European assets, changes in the Euro exchange rate against the fund's base currency affect the returns for investors in other currencies.

Investor Sentiment: Overall investor appetite for European equities influences demand for the fund. Higher demand typically leads to higher prices, while lower demand can lead to price declines.

Sector Performance: The performance of specific sectors within the European economy that the fund is heavily invested in can impact overall fund returns.

Political Events: Major political events, such as elections or policy changes in Europe, can create market volatility and affect investor confidence, impacting fund prices.

Fund Flows: Significant inflows into the fund can increase demand and potentially raise prices, while large outflows can put downward pressure on prices as the fund needs to sell assets.