Market Sentiment: Overall investor confidence and risk appetite influence demand for funds like LU1365048435, impacting its price.

Fund Performance: The fund's historical and recent returns compared to its benchmark and peers affect investor interest and thus, price.

Underlying Assets: The performance of the assets held within the fund, such as stocks or bonds, directly determines its net asset value (NAV) and price.

Economic Conditions: Macroeconomic factors like inflation, interest rates, and economic growth can impact the value of the fund's investments.

Currency Fluctuations: For funds investing in international assets, currency exchange rates influence the value of returns when converted to the base currency.

Fund Management: The fund manager's expertise, investment strategy, and decisions play a crucial role in the fund's success and price.

Fees and Expenses: The fund's expense ratio and other costs reduce returns, potentially affecting its attractiveness and price.

Supply and Demand: Market dynamics of buyers and sellers affect the fund price. High demand usually increases price and low demand decreases price.