General

What is Indicative Net Asset Value (iNAV)?

iNAV shows the real-time estimate of the value of each share of ETF. Unlike NAV which is calculated at the end of the day, iNAV is calculated during trading hours and is updated at a periodic interval (e.g. every 15 seconds). This lets the investor estimate the per share fair value of the ETF. Do note that iNAV is an estimated number and is prone to some deviations.