Fund Holdings Performance: The value of the assets held within the fund (stocks, bonds, etc.) directly impacts the fund's price. Positive performance increases the fund's net asset value (NAV), and vice-versa.

Market Conditions: Broader market trends, economic indicators (inflation, interest rates), and geopolitical events can influence investor sentiment and impact the demand and supply for the fund's holdings.

Fund Flows: Significant inflows of investor capital can increase demand for the fund, potentially driving up the price. Conversely, large outflows can force the fund to sell assets, potentially lowering the price.

Management Fees & Expenses: The fund's expense ratio, which covers management fees and operational costs, is deducted from the fund's assets, indirectly affecting the fund's overall return and thus its price.

Currency Fluctuations: If the fund invests in assets denominated in currencies other than the base currency (likely EUR), fluctuations in exchange rates can impact the fund's NAV and price.

Sector Performance: If the fund invests heavily in specific sectors, the performance of those sectors will have a significant impact on the fund's overall performance and price.

Interest Rate Changes: Rising interest rates can negatively impact bond prices held by the fund, potentially lowering the fund's NAV if it invests in fixed income securities.

Fund Manager Skill: The fund manager's investment decisions, including security selection and asset allocation, play a crucial role in the fund's performance and ultimately its price.