17:50
@bigfatsloth: there she is ;)
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LSDefine
Simple English definitions for legal terms
NAV
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A quick definition of NAV:
Term: NAV
Definition: NAV stands for Net Asset Value. It is a measure of the value of a mutual fund or exchange-traded fund (ETF). It tells you how much each share of the fund is worth. NAV is calculated by subtracting the fund's liabilities from its assets and dividing the result by the number of shares outstanding. In simple terms, NAV is like the price of a share in a fund.
A more thorough explanation:
Term: NAV
Definition: NAV stands for Net Asset Value. It is the value of a mutual fund's assets minus its liabilities, divided by the number of shares outstanding. It represents the price per share of the mutual fund.
Example: If a mutual fund has assets worth $100 million and liabilities worth $10 million, and there are 5 million shares outstanding, the NAV would be $18 ($90 million divided by 5 million shares).
Explanation: The NAV is an important metric for investors as it helps them understand the value of their investment in a mutual fund. It is calculated daily and represents the price per share of the mutual fund. If the NAV increases, it means the value of the mutual fund has gone up, and vice versa.