Fund performance: A fund's historical and current performance heavily impacts its price. Strong returns attract investors, driving up demand and the price.

Market conditions: Overall economic and market conditions, including interest rates, inflation, and geopolitical events, influence investor sentiment and fund valuations.

Underlying assets: The value of the assets held within the fund (stocks, bonds, etc.) directly affects the fund's net asset value (NAV) and price.

Investor demand: High demand for the fund can increase its price, while low demand can lead to price declines.

Fund management: The skills and experience of the fund manager and the investment strategy employed can impact performance and, consequently, the fund's price.

Expense ratio: Higher expense ratios can detract from returns, potentially making the fund less attractive and impacting its price negatively.

Currency fluctuations: As it's an EU fund, changes in currency exchange rates, especially between the Euro and other currencies, affect the fund's value for non-Euro investors.