Underlying Asset Performance: The fund's value is primarily determined by the performance of its underlying investments, such as stocks, bonds, or other assets.

Market Conditions: Overall market sentiment, economic growth, and geopolitical events can impact the value of the fund's holdings and, consequently, its price.

Interest Rates: Changes in interest rates, especially if the fund holds bonds, can influence the fund's net asset value (NAV).

Fund Flows: Significant inflows or outflows of money into or out of the fund can affect its price, particularly if the fund manager needs to buy or sell assets quickly.

Management Fees & Expenses: The fund's operating expenses, including management fees, can erode returns and affect its price over time.

Currency Exchange Rates: If the fund invests in assets denominated in foreign currencies, fluctuations in exchange rates can impact the fund's price in EUR.

Inflation: Rising inflation can reduce the real value of the fund's assets, potentially affecting its price negatively.

Regulatory Changes: New regulations impacting the fund's investments or operations can influence its price.