**Underlying Asset Performance:** The fund's price is heavily influenced by the performance of the assets it holds, typically European equities.

**Market Sentiment:** Overall investor confidence and risk appetite in European markets impact the fund's valuation.

**Economic Conditions:** Economic growth, inflation, and interest rates in Europe affect the profitability of companies within the fund.

**Currency Fluctuations:** Changes in the Euro's value against other currencies can impact returns for investors outside the Eurozone.

**Fund Management Decisions:** The fund manager's stock selection and asset allocation strategies play a significant role.

**Expense Ratio:** The fund's operating costs, including management fees, can reduce returns and affect its price.

**Supply and Demand:** Investor demand for the fund's shares can impact its price, especially in the short term.

**Regulatory Changes:** Changes in regulations affecting European companies or financial markets can influence fund performance.