Underlying Asset Performance: The primary driver is the performance of the assets held within the fund, such as stocks or bonds. If the underlying assets increase in value, the fund's price generally increases. Market Sentiment: Overall investor optimism or pessimism in the market, particularly towards the sectors or regions the fund invests in, can influence demand and therefore the fund's price. Economic Conditions: Macroeconomic factors like inflation, interest rates, and economic growth can affect the value of the fund's holdings and investor sentiment, indirectly impacting its price. Currency Fluctuations: Since it is an EU fund, currency exchange rates, particularly between the Euro and other currencies, can impact returns for investors outside the Eurozone, thereby influencing demand. Fund Management Decisions: The fund manager's investment strategies, security selection, and ability to time the market can affect the fund's performance and, consequently, its price. Supply and Demand: Basic market forces of supply and demand for the fund's units can influence its price. High demand can drive prices up, while low demand can push them down. Expense Ratio and Fees: The fund's expense ratio and other fees can reduce the overall returns to investors, affecting its relative attractiveness and potentially impacting its price over time.