Fund performance: Strong fund performance relative to its benchmark tends to attract more investors and increase demand, pushing the price up. Conversely, poor performance can lead to redemptions and price declines.

Market conditions: Broad market conditions, such as economic growth, interest rates, and inflation, significantly impact the overall investment climate and, therefore, the prices of assets held by the fund.

Investor sentiment: Positive investor sentiment towards the asset classes or sectors in which the fund invests can increase demand and drive up the price. Negative sentiment can have the opposite effect.

Fund flows: Significant inflows of capital into the fund can increase its price, while large outflows due to redemptions can force the fund to sell assets, potentially lowering the price.

Currency fluctuations: As an EU fund, currency exchange rates, particularly the EUR relative to other currencies held by the fund, can influence the price, especially for international investors.

Management fees: Higher management fees can eat into returns and potentially affect the price, especially if other funds offer similar performance at lower costs.

Geopolitical events: Major geopolitical events, such as political instability, trade wars, or regulatory changes, can impact investor confidence and asset values, affecting the fund's price.

Regulatory changes: New regulations affecting the fund's investments or the broader financial markets can influence its price.

Benchmark performance: The fund's performance relative to its benchmark index is a key driver of investor perception and, thus, its price.

Company specific news: The performance of the underlying companies the fund holds can directly affect its overall value.