Fund Performance: Past and present performance relative to its benchmark and peer group impacts investor demand.

Market Conditions: Broad market trends (bull/bear), economic growth, interest rates, and inflation influence overall fund values.

Fund Management: The expertise, strategy, and decisions of the fund manager significantly affect returns.

Expense Ratio: Higher expense ratios can detract from returns, making the fund less attractive compared to similar lower-cost options.

Underlying Assets: The performance of the stocks, bonds, or other assets held within the fund directly affects its price.

Investor Sentiment: Investor confidence and risk appetite can drive inflows and outflows, impacting fund valuation.

Currency Fluctuations: If the fund invests internationally, currency exchange rates can affect returns when translated back to EUR.

Fund Size: Large funds may face challenges in generating high returns due to limited investment opportunities.

Regulatory Changes: New regulations or tax laws can impact fund operations and investor behavior, affecting prices.

Liquidity: Ease of buying/selling fund units can affect price; illiquid funds might experience larger price swings.