Definition: Unexpected or inaccurate deviations in the per-share value of a fund compared to its expected value, or deviations in the market price of a closed-end fund relative to underlying assets.
Example: Stale pricing, which happens when a fund holds securities that do not trade very often (illiquid assets) and the NAV is calculated based on outdated prices for these securities rather than their current market value.
Explore the IVP NAV Solution
The IVP NAV Solution can help funds avoid anomalies. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
