Fund Performance: Past performance and relative performance compared to its benchmark and peers directly impacts investor demand and thus the price.

Market Conditions: Overall market trends (bull or bear markets) and sector-specific performance influence the fund's underlying asset values.

Interest Rates: Interest rate changes impact bond yields and potentially equity valuations, indirectly affecting the fund's net asset value (NAV).

Fund Manager Skill: The fund manager's investment strategy, stock picking abilities, and risk management significantly affect returns.

Expense Ratio: The fund's expense ratio impacts returns, higher expenses translate to lower returns for investors.

Currency Fluctuations: If the fund invests in foreign assets, currency exchange rate movements will affect returns in euro terms.

Investor Sentiment: Positive or negative news and economic forecasts can drive investor sentiment and increase or decrease demand.

Redemptions/Inflows: Large redemptions may force the fund to sell assets, potentially decreasing the NAV. Large inflows might dilute returns.

Economic Indicators: Key economic data releases (GDP growth, inflation, unemployment) can affect market expectations and asset prices.

Political Events: Major political events, such as elections or policy changes, can create uncertainty and impact market sentiment.