A fund's price, quoted per unit
Net asset value is the price of a fund, calculated from the market value of what it holds less its costs. It is set once a day, not continuously like a share price, so you place an order without knowing the price you will get. Paying a distribution lowers it by that amount, so a fall is not automatically a loss.
Investing $120,000 in a fund priced at $1.2 per unit buys you 100,000 units.
Japan — In Japan a fund's price is quoted per 10,000 units.
South Korea — In Korea a fund's price is the previous day's net assets divided by the previous day's units, published every day (Capital Markets Act, Article 238).
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.