Underlying Asset Performance: The fund's Net Asset Value (NAV) is primarily driven by the performance of the assets it holds. These assets could include stocks, bonds, or other securities.

Market Conditions: Broader market sentiment, economic news, and geopolitical events can significantly impact investor confidence and thus, the fund's price.

Interest Rates: Changes in interest rates can affect bond yields, which in turn, influence the value of bond-heavy funds.

Fund Management Fees: Expense ratios and other management fees can reduce the overall return of the fund, impacting its attractiveness to investors.

Supply and Demand: High demand and limited supply will increase the fund price, and vice versa.

Currency Fluctuations: If the fund holds assets denominated in foreign currencies, exchange rate changes can impact the fund's value when converted back to EUR.

Investor Sentiment: Positive or negative sentiment towards the specific fund or its investment strategy can influence buying and selling pressure, affecting the price.

Redemption Pressure: Large redemptions can force the fund to sell assets, potentially driving down the price if the sales occur at unfavorable times.