Underlying Assets Performance: The fund's price heavily relies on the performance of the assets it holds, typically European equities. Positive returns in these assets increase the fund's value.

Investor Demand: Increased demand for the fund can drive its price up, while decreased demand can push it down. This is especially true for exchange-traded funds (ETFs).

Market Sentiment: Overall market optimism or pessimism regarding European markets and specific sectors can significantly impact the fund's price.

Currency Fluctuations: As the fund likely invests in European assets, fluctuations in the Euro exchange rate against other currencies can affect its value for non-Eurozone investors.

Expense Ratio and Fees: The fund's annual expense ratio and any associated fees directly impact returns and thus influence the fund's price relative to its peers.

Fund Manager Performance: The skill and strategy of the fund manager in selecting and managing assets play a crucial role in the fund's overall performance and price.

Economic Conditions: Broader economic conditions in Europe, such as GDP growth, inflation, and interest rates, impact the performance of European companies and the fund's value.

Political and Regulatory Factors: Political events and changes in regulations within Europe can create volatility and affect investor sentiment, ultimately influencing the fund's price.