PRICING and VALUATION in ETFs

 

For each exchange traded fund, there are two values including the net asset value and the trading value.   

Net Asset Value and Indicative Net Asset Value
Net asset value refers to the value of the assets included in an ETF. It is announced once in a day at the end of the session.  Net asset value per share is determined by dividing net asset value by the number of existing participation certificates.
 
The indicative net asset value refers to the value of the assets included in a ETF within the session under the then-current market conditions. It is announced once every 15 seconds. The founder has to post the indicative net asset value on its own webpage and on the screens of minimum two datacast companies along with updates within the session hours.

Trading Price
Trading price means the buying and selling prices of ETF participation certificates on the ISE Fund Market.