Fund Performance: Historical returns and relative performance against its benchmark and peer group influence investor demand, impacting price. Market Conditions: Overall market sentiment, economic growth, interest rates, and geopolitical events affect investor confidence and fund flows. Sector Allocation: The fund's investment in specific sectors (e.g., technology, healthcare) and their performance directly impact the fund's value. Management Style: The fund manager's investment strategy, stock selection skills, and risk management approach influence the fund's returns. Expense Ratio: The fund's operating expenses, including management fees, administration costs, and other charges, reduce the fund's net asset value. Fund Size: A larger fund size can create liquidity challenges and impact the manager's ability to generate returns, whereas a smaller fund might have higher volatility. Currency Fluctuations: Since it's an EU fund, currency exchange rates between the Euro and other currencies can affect the fund's value for non-Euro investors.