Fund Performance: A fund's historical returns and relative performance compared to its benchmark directly impact its price. Strong performance attracts investors, increasing demand and the fund's Net Asset Value (NAV).

Market Conditions: Overall market trends, economic indicators (inflation, interest rates, GDP growth), and geopolitical events affect investor sentiment and demand for specific asset classes held by the fund, thus impacting the price.

Sector Performance: The performance of sectors in which the fund invests significantly affects its price. If the fund focuses on technology and the tech sector declines, the fund's price is likely to fall.

Management Fees & Expenses: High management fees and operating expenses can detract from the fund's returns and make it less attractive, potentially lowering its price relative to similar funds with lower costs.

Fund Size and Liquidity: A very large fund may face challenges in deploying capital efficiently, while a very small fund might lack liquidity and be more susceptible to market fluctuations, both affecting the fund's price.

Investor Sentiment: Positive or negative investor sentiment towards the fund, its investment strategy, or the asset classes it holds can influence demand and consequently, the fund's price.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, fluctuations in exchange rates can impact the fund's price when translated back to the fund's base currency (EUR).