Economic Conditions: Broad economic indicators like GDP growth, inflation, and interest rates in the Eurozone and globally influence investor sentiment and thus fund performance.

Market Sentiment: Overall investor confidence or fear, driven by events such as geopolitical risks, affects demand for the fund and its underlying assets.

Fund Management: The skill and strategy of the fund manager in selecting investments and managing risk directly impacts the fund's returns.

Sector Performance: The performance of the specific sectors (e.g., technology, healthcare) in which the fund invests greatly affects its value.

Company Performance: The financial health and growth prospects of individual companies held within the fund's portfolio influence its returns.

Currency Fluctuations: Changes in the exchange rates between the Euro and other currencies impact the value of international holdings within the fund.

Interest Rate Changes: Changes to interest rates by central banks will influence borrowing cost for companies and valuation models, affecting prices.

Regulatory Changes: Changes in regulations impacting the investment industry or the specific sectors the fund invests in can affect prices.