Indicative Net Asset Value - iNAV

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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.

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    Intuition tells us that a mutual fund's net asset value (NAV) (the net value of all assets within the mutual fund's portfolio ... Read Full Answer >>
  3. What are the most common ETFs that track the chemicals sector?

    As of 2015, no exchange-traded funds (ETFs) exclusively track the chemical sector, but ETFs are available that track chemical ... Read Full Answer >>
  4. What are the best mutual funds for investing in the electronics sector?

    Within the technology sector, the electronics industry continues to experience growth as the technology that supports producing ... Read Full Answer >>
  5. What types of stocks have a large difference between bid and ask prices?

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  6. How do waivers, reimbursements and recoupments affect a fund's expense ratio?

    Waivers, reimbursements and recoupments can initially serve to keep a fund's expense ratio lower than it would be otherwise. ... Read Full Answer >>
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