Net asset value, or NAV, represents the value of an investment fund and is calculated by adding the total value of the fund’s assets and subtracting its liabilities. Mutual funds and ETFs use NAV to ...

The net asset value, or NAV, of a fund is the per-share value of a fund’s underlying assets at the close of the trading day. It’s different from the market price of an exchange-traded fund, or ETF, ...

Imagine you and a group of friends pool your money to buy a giant pizza. Each person contributes a certain amount, and the total cost of the pizza is divided among all of the members in the group. The ...

As most Fund Finance Friday readers probably already know, over the summer, the Institutional Limited Partners Association (“ILPA”) issued guidance for Limited Partners (“LPs”) and General Partners ...

A version of this article was published in the July 2016 issue of Morningstar ETFInvestor. Download a complimentary copy of ETFInvestor here. The exchange-traded fund marketplace is littered with a ...

Last month, the Institutional Limited Partners Association (“ILPA”) weighed in on the interesting philosophical question that fund formation and finance lawyers frequently debate - what is a NAV loan?

Net asset value is a fund's assets minus liabilities, divided by shares outstanding. An ETF's net asset value fluctuates more often than a mutual fund's NAV. An ETF's net asset value can differ from ...