iNAV calculations for ETFs
An ETF’s indicative net asset value per share serves as an intraday indicative value of the share calculated based on the ETF structure and the assets’ current market prices.
Moscow Exchange offers independent iNAV calculations (pursuant to Federal law No. 156-FZ and the Bank of Russia’s instruction No. 4713-U).
- MOEX acts as an independent calculation agent;
- The service is provided based on an agreement with the Moscow Exchange;
- Calculation rules and methods as well as disclosure procedure are determined by the parties through negotiations;
- The iNav is calculated once in 15 sec throughout the trading day.