NAV

Abbr. for Net Asset Value, is a figure that is of crucial importance for the valua­tion of funds. The NAV deter­mi­nes the total value of a fund’s assets. To do this, all the assets of a fund must first be added up and then all liabi­li­ties asso­cia­ted with the manage­ment of the fund assets are deduc­ted from this amount. To obtain the net asset value in rela­tion to an indi­vi­dual fund unit, the result is divi­ded by the number of fund units.