Fund Performance: Past performance and current holdings impact investor demand, influencing the fund's Net Asset Value (NAV).

Market Conditions: Broad economic trends, sector-specific performance (e.g., European equities), and investor sentiment affect the value of underlying assets.

Interest Rates: Changes in interest rates, particularly in Europe, can impact bond yields and equity valuations within the fund.

Currency Fluctuations: Currency exchange rates, especially between the Euro and other major currencies, can affect returns for investors.

Fund Management: The fund manager's investment strategy, stock selection, and risk management decisions play a crucial role.

Expense Ratio: The fund's expense ratio, which includes management fees and operating expenses, directly impacts returns.

Investor Demand: High demand can drive up the price, while redemptions can put downward pressure.

Geopolitical Events: Political instability and significant global events affect market sentiment and asset values.