Fund Holdings Performance: The underlying assets' (stocks, bonds, etc.) price fluctuations directly impact the fund's Net Asset Value (NAV).

Market Sentiment: Overall investor confidence and risk appetite influence demand, pushing prices up in positive markets and down in negative ones.

Economic Conditions: Macroeconomic factors like inflation, interest rates, and GDP growth affect asset valuations within the fund.

Currency Fluctuations: Since it's a Euro-denominated fund, exchange rate changes between the Euro and currencies of underlying assets impact returns.

Fund Management Fees & Expenses: Higher expenses can reduce the overall return and impact the price relative to its benchmark.

Investor Demand & Supply: Increased buying pressure drives prices up, while selling pressure lowers them, especially if the fund is traded on an exchange.

Specific Sector or Geographic Focus: If the fund concentrates on a specific industry or region, events affecting that area will significantly influence its price.