NAV (Net Asset Value)

NAV is the main indicator of a mutual fund’s performance that measures in money the property in the collective ownership of fund shareholders, calculated as the difference between the sum of the fund's assets and fund’s liabilities on the reporting day. The NAV of funds is considering for: 1) calculating the fair price of shares for non-Exchange-Traded mutual funds; 2) evaluation the fund’s management effectiveness; 3) ranking funds and providers in order to identify the largest players in collective investment markets.