Ch.7 · NAV Calculation Rules · hard
What is the 'indicative NAV' for ETFs on stock exchanges?
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EXPLANATION
Indicative NAV (iNAV) for ETFs is the estimated real-time per-unit value of the ETF's portfolio, calculated and published throughout the trading day using live market prices of the underlying securities. Investors can compare the ETF's exchange-traded price with iNAV to assess the premium or discount and make informed buy/sell decisions.
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