Underlying Asset Performance: The fund's price is heavily influenced by the performance of the assets it holds. Positive performance in those assets generally leads to a higher fund price, and vice versa.

Market Sentiment: Overall investor sentiment towards the asset class and specific geographies the fund invests in can impact demand and therefore the price. Positive sentiment tends to drive up the price, while negative sentiment can cause it to fall.

Currency Fluctuations: As an EU-based fund, currency exchange rates between the Euro and other currencies can affect the fund's value when viewed by investors in different regions.

Interest Rate Changes: Changes in interest rates, particularly in the Eurozone, can influence the attractiveness of the fund's holdings and therefore its price.

Fund Management Fees and Expenses: The fund's ongoing management fees and other expenses are deducted from its assets, impacting its overall performance and therefore its price.

Supply and Demand: The basic principles of supply and demand apply; if there's high demand for the fund relative to the available supply of units, the price will tend to increase. Conversely, high supply and low demand can lower the price.

Economic Conditions: Broad economic conditions, such as GDP growth, inflation, and unemployment rates in the regions the fund invests in, can significantly impact the performance of the underlying assets and hence the fund's price.