Glossary - net asset value (NAV)

net asset value (NAV)

The value of assets less liabilities, often expressed as a per unit or per share value. For example, the net asset value of a managed fund or exchange-traded fund per unit would be calculated by subtracting the fund's liabilities from the fund's assets and dividing the result by the number of units on offer.

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Last updated: 30 Aug 2017