Net asset value is a fund's assets minus liabilities, divided by shares outstanding. An ETF's net asset value fluctuates more often than a mutual fund's NAV. An ETF's net asset value can differ from ...

In simple words, an asset is something of value that you own and can convert to cash. Your car is an asset and so is your house because you could sell either one and receive its value in cash.

For mutual funds and exchange-traded funds (ETFs), the Net Asset Value (NAV) is the portfolio value of the fund, per unit. For mutual funds, transactions occur at the NAV value, but for ETFs the ...