Fund Performance: How well the fund's underlying assets perform directly impacts its price. Higher returns generally lead to increased demand and a higher price.

Market Sentiment: Overall investor confidence and risk appetite can affect the price. Positive market sentiment can drive prices up, while negative sentiment can lower them.

Interest Rates: Changes in interest rates can influence the attractiveness of PEMA11.SA relative to other investments. Higher rates might make the fund less attractive.

Inflation: High inflation can erode the real value of investments. Investors might sell assets like PEMA11.SA to seek inflation-protected alternatives.

Real Estate Market Conditions: As PEMA11.SA invests in real estate assets, the health of the real estate market significantly affects its price. A strong market boosts its value.

Fund Expenses: The fund's management fees and operating expenses are deducted from returns, impacting its net asset value and thus its price. Higher expenses can lower the price.

Liquidity: The ease with which PEMA11.SA shares can be bought or sold affects its price. Lower liquidity can lead to wider bid-ask spreads and price volatility.

Regulatory Changes: Changes in regulations related to real estate investments or fund management can impact the fund's attractiveness and therefore its price.

Economic Growth: Strong economic growth typically supports the real estate market and investor confidence, positively influencing the price of PEMA11.SA.

Dividend Yield: The fund's dividend yield compared to other investment options impacts demand and price. Higher yields are generally more attractive to investors.