Net asset value: Difference between revisions
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Known colloquially as the “[[NAV]]”, [[net asset value]] is the value of an [[investment fund]] from the investor’s perspective. Generally assets minus liabilities: assets being the investments your [[investment manager]] has put you into; liabilities usually taking the shape of [[borrowed money|money borrowed]] by the fund to lever up your investment, which you have to pay back first — your name is [[Vega]], and you live on the second floor — and any [[unfunded]] investments (like [[swaps]]) that happen to be under water for the time being. | |||
{{Seealso}} | {{Seealso}} | ||
Revision as of 19:40, 10 December 2016
Known colloquially as the “NAV”, net asset value is the value of an investment fund from the investor’s perspective. Generally assets minus liabilities: assets being the investments your investment manager has put you into; liabilities usually taking the shape of money borrowed by the fund to lever up your investment, which you have to pay back first — your name is Vega, and you live on the second floor — and any unfunded investments (like swaps) that happen to be under water for the time being.