What is a Net Asset Value?
The Net Asset Value or NAV for short, tells investors what one unit or share in the fund is worth based on the value of the underlying assets less any liabilities in the fund. This is the reference point for investors to know the true value of one unit or share. Fund managers are required to disclose the NAV on a regular basis, generally each business day and for Magellan’s listed funds, we disclose the NAV every 15 seconds on our website using in intraday indicative NAV, which is called on iNAV. Therefore, the market is fully informed about the underlying value of each unit on a continuous basis.
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