The time period “internet asset worth,” or NAV, is so frequent amongst those that purchase a mutual fund that traders hardly give it some thought. Has an ordinary definition. The amount is checked yearly. There may be not often any cause to doubt this.
However in a fast-growing section of the market—actual property funds—the NAV label, whereas ubiquitous, doesn’t carry the identical which means. Typically, the funds, referred to as non-traded actual property funding trusts, have broad discretion to set NAVs as they see match.
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