indicative net asset value
- indicative net asset value
Theoretical value of an ETF, disseminated by Euronext throughout the trading session. The indicative net asset value ( NAV) is used as the reference price:
- by liquidity providers and intraday investors,
- to calculate price ranges (+/-1.5% or +/-3% depending on the EFT's investment zone).
Based on the previous day's end-of-trading NAV, the indicative NAV is updated every 15 seconds to reflect changes in the underlying index or portfolio. Euronext stops disseminating the indicative NAV if the level of the index or portfolio is unavailable. It informs the market of any changes in the calculation method. NYSE Euronext Glossary
Financial and business terms.
2012.
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