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Glossary
Net asset value | The net asset value of a unit is equal to the net fund assets divided by the number of units in circulation. In the case of securities and money market funds, the net asset value, which is generally calculated daily, is the basis for calculating the issue price and the redemption price. Also called intrinsic value. |
Net assets | The net (fund) assets are the sum of the market values, minus liabilities and the anticipated liquidation taxes (property gains taxes). |
Net fund assets | The fund assets calculated at market values less all liabilities. |
No-load fund | An investment fund which does not charge any commission on the subscription or redemption of units. |
Notes | Securities privately placed (i.e. without public advertisement) on the Swiss capital market by foreign borrowers. |
Important legal information - please read the disclaimer before proceeding.
Source: UBS Global Asset Management
UBS Global Asset Management does not assume any responsibility for the accuracy or correctness of the above glossary and its terms.
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