Fund Performance: Past and present investment returns directly impact investor demand and thus, the fund's price.

Market Conditions: Broad economic trends, interest rates, and overall market sentiment influence investor appetite and fund valuations.

Underlying Assets: The performance of the assets (e.g., stocks, bonds) held within the fund's portfolio is a primary driver of its price.

Fund Management: Decisions made by the fund managers regarding asset allocation and investment strategies significantly affect performance.

Investor Demand: Increased demand pushes prices up; decreased demand lowers prices.

Expense Ratio: Higher expense ratios can negatively impact returns, potentially affecting the fund's perceived value and price.

Regulatory Changes: New regulations or policy shifts can affect the types of investments the fund can make or their profitability.

Currency Fluctuations: For funds investing in foreign assets, exchange rate movements can impact the fund's return in EUR.