Indicative Net Asset Value - iNAV
 |
Definition of 'Indicative Net Asset Value - iNAV'A measure of the intraday net asset value (NAV) of an investment, such as an exchange-traded fund (ETF), which gives an updated measure of the value of the investment based on its assets less its liabilities. An investment's NAV is usually calculated at the end of the trading day, but the indicative NAV measure gives a more real-time view of this value.Also referred to as "indicative value". |
 |
Investopedia explains 'Indicative Net Asset Value - iNAV'Indicative NAV is not the price at which you can purchase the instrument; it is only used as a reference for the investment's underlying value. In many cases, the ETF will actually trade at a premium or discount to the NAV due to various factors, including supply and demand, and expectations. |
Related Definitions
Articles Of Interest
-
Exchange Traded Notes - An Alternative To ETFs
ETNs offer yet another way to track an index. Find out what they have to offer, and what's at stake. -
An Inside Look At ETF Construction
If you're an investor who likes to understand how and why your investment products work, this article is for you! -
Why do some closed-end mutual funds trade above or below their net asset values?
Intuition tells us that a mutual fund's net asset value (NAV) (the net value of all assets within the mutual fund's portfolio divided by the number of outstanding shares) should be identical ... -
What is a mutual fund's NAV?
Net asset value (NAV) represents a fund's per share market value. This is the price at which investors buy ("bid price") fund shares from a fund company and sell them ("redemption price") to ... -
The Complete History of the Dow Jones Industrial Average
The Dow Jones Industrial Average is one of the oldest and most often-used benchmarks across the globe. Consisting of 30 of the biggest companies in the world, the benchmark has been through a ... -
Wednesday’s ETF Chart To Watch: TLT In Spotlight As Fed Sets To Taper
Bullish momentum stuck around on Tuesday as investors cheered on Microsoft’s 22% dividend hike along with news of a $40 billion buyback program. On the data front, the consumer price index ... -
Biggest Contrarian Opportunities in ETFs
Contrarian investing is a well-known strategy in which an investor takes a position contrary to the majority of the investing world or against any prevailing trends. The methodology was perhaps ... -
Tuesday’s ETF Chart To Watch: XHB Rally In Focus After Home Builders’ Index Release
Stocks kicked off the week on a winning note as investors rejoiced after Larry Summers withdrew his bid to be the next Federal Reserve chairman. Markets were glad to see a hawk drop out of the ... -
5 Years After Lehman’s Collapse, Where Are Big Banks Now?
September 15, 2008 is a date that will forever be ingrained in Wall Street’s memory, as this day marked the pivotal turning point of what would eventually become the worst financial crisis ... -
ETFdb Weekly Watchlist: TLT Awaits FOMC; XHB, XLI Hinge on Housing and Philly Fed
Wall Street finally welcomed back bullish momentum last week, as easing tensions in Syria and relatively positive economic news pushed major U.S. equity indexes higher. In China, exports were ...
Free Annual Reports