Currency fluctuations: The fund's value is affected by the exchange rate between the euro, the base currency, and other currencies in which the fund's assets are held. Market performance: The underlying assets held within the fund, such as stocks or bonds, directly influence its price based on their individual market performance. Interest rates: Changes in interest rates, particularly in the Eurozone and other relevant economies, can impact the value of fixed-income assets held by the fund. Fund flows: Significant inflows into or outflows from the fund can affect its net asset value (NAV) due to the buying or selling of underlying assets. Management fees & expenses: The fund's operating costs, including management fees and administrative expenses, are deducted from the fund's assets, impacting returns and price. Economic indicators: Macroeconomic factors like GDP growth, inflation, and unemployment in the regions where the fund invests can impact the value of its assets. Geopolitical events: Global and regional political events and instability can introduce volatility and affect investor sentiment, indirectly impacting the fund's price.