Fund Performance: Past and present performance influence investor demand, impacting price. A strong track record often attracts more investment, driving up the fund's value.

Market Conditions: Broader economic trends, interest rates, and geopolitical events can influence investor sentiment and asset values held within the fund, leading to price fluctuations.

Fund Composition: The types of assets (stocks, bonds, etc.) and their specific performance within the fund's portfolio directly affect its overall value and price. Changes in asset valuations reflect in the fund's NAV.

Expense Ratio: Higher expenses can reduce returns, potentially making the fund less attractive compared to lower-cost alternatives, influencing its price in the secondary market if applicable.

Investor Demand: High demand increases the fund's value, while selling pressure decreases it. Flows in and out of the fund impact its NAV if it is an open-ended fund.

Currency Fluctuations: As the fund is presumably denominated in EUR, currency movements relative to the underlying assets' currencies can impact returns and perceived value.

Management Strategy: Changes in investment strategy or the skill of the fund manager can influence investor confidence and subsequently, the fund's price.