Net asset value

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Related to Shareholders' Funds: Owners Equity

Net asset value (NAV)

The value of a fund's investments. For a mutual fund, the net asset value per share usually represents the fund's market price, subject to a possible sales or redemption charge. For a closed-end fund, the market price may vary significantly from the net asset value.

Net Asset Value

In stocks and businesses, an expression of the underlying value of the company. That is, it is a statement of the value of the company's assets minus the value of its liabilities. One way of thinking about the net asset value is that it is the underlying value of a company, not the value dictated by the supply and demand of shares or its market capitalization. It is also called the book value.

Net asset value (NAV).

The NAV is the dollar value of one share of a fund. It's calculated by totaling the value of all the fund's holdings plus money awaiting investment, subtracting operating expenses, and dividing by the number of outstanding shares.

A fund's NAV changes regularly, though day-to-day variations are usually small.

The NAV is the price per share an open-end mutual fund pays when you redeem, or sell back, your shares. With no-load mutual funds, the NAV and the offering price, or what you pay to buy a share, are the same. With front-load funds, the offering price is the sum of the NAV and the sales charge per share and is sometimes known as the maximum offering price (MOP).

The NAV of an exchange traded fund (ETF) or a closed-end mutual fund may be higher or lower than the market price of a share of the fund. With an ETF, though, the difference is usually quite small because of a unique mechanism that allows institutional investors to buy or redeem large blocks of shares at the NAV with in-kind baskets of the fund's stocks.

net asset value

the asset value of a company to its ordinary shareholders. This consists of the BALANCE SHEET value of total assets (FIXED ASSETS plus CURRENT ASSETS) LESS CURRENT LIABILITIES, DEBENTURES, LOAN STOCK and PREFERENCE SHARES. These net assets can be divided by the number of ordinary shares to indicate the net asset value per share.
References in periodicals archive ?
Insurance companies' disclosures show that a movement in interest rates of 100 basis points changes shareholders' funds by an average of about 15% of the major four non-life companies' shareholders' funds.
FIC's financial performance is good on both the policyholders' fund and shareholders' fund.
The Aon Benfield Aggregate (ABA) of 28 reinsurers reports shareholders' funds of $251 billion, an increase of $4 billion from the prior year's $247 billion.
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7pc on shareholders' funds for the year to the end of March, a period in which the total return from the FTSE All-Share index was a negative 29.
Commercial pressure will of course have been suffered since then due to FMD and the BSE related problems in the Irish and Continental beef market, but Goodman had ample resources to cope: shareholders' funds exceeded IR137m [pounds sterling], including IR93m of cash.
United is also planning more marketing, and has set aside an extra pounds 30million to cover the cost of identifying and compensating non-priority cases of pensions mis-selling, of which pounds 25million will come out of shareholders' funds.
In February 2009, QBE ceased hedging its exposure to shareholders' funds held in currencies other than the Australian dollar, the group's reporting currency.
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PhillipCapital is an integrated financial services provider with approximately 3000 staff in Asia and Europe and total shareholders' funds in excess of US$300 million.
Phillip Capital is an integrated financial services provider with approximately 3000 staff in Asia and Europe and total shareholders' funds in excess of US$300 million.