Net asset value, or NAV
Māori translation:
Definition
Net Asset Value, or NAV, is the value of the shares in a fund, such as an ETF or a mutual fund. NAV is calculated at the end of each trading day, as:
NAV = total asset value - total liability / total # shares outstanding
NAV as a financial metric helps investors understand the fund’s value and performance.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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