I'm trying to figure out if NAV represents the closing price. I've seen it used in different contexts and want to make sure I understand its meaning correctly in this case.
7 answers
Michele
Wed Nov 06 2024
The NAV provides insight into the true worth of a fund.
Eleonora
Wed Nov 06 2024
The net asset value (NAV) of a fund represents a crucial metric in the financial world.
Tommaso
Wed Nov 06 2024
It signifies the per-share value of a fund's underlying assets.
Moonshadow
Wed Nov 06 2024
This calculation is made at the close of the trading day.
DondaejiDelightful
Tue Nov 05 2024
It differs from the
market price of an exchange-traded fund (ETF).