The value of a mutual fund that is reached by deducting the fund’s liabilities from the market value of all of its shares and then dividing by the number of issued shares.
- However, at 461p its shares are priced at a 15% premium to its latest net asset value.
- That net asset value is made up of the company's total property portfolio minus the value of its liabilities.
- That's because mutual fund shareholders get a price, called net asset value, or the value of one share in the fund, that is calculated at the end of the trading day.
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