Fund Performance: Past and present performance dictates investor demand; stronger returns often attract more investment, driving up the price.

Market Conditions: Broad economic factors, such as interest rates, inflation, and overall market sentiment significantly influence investment decisions and fund valuation.

Sector Performance: As an EU fund, the performance of European stock markets and specific industries within Europe greatly affect the fund's net asset value.

Fund Size & Liquidity: Larger funds might experience less price volatility; liquidity, i.e. how easily assets can be bought or sold, affects trading price

Management Fees: Higher fees could negatively impact returns, potentially diminishing investor appeal and lowering the price of fund shares.

Fund Strategy: The fund's investment approach, whether growth, value, or a mix, and its effectiveness influence its performance and market valuation.

Regulatory Changes: New EU financial regulations can impact the fund's operational costs, investment strategy, and ultimately its value.