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Do I buy at NAV if I buy fresh units directly from participating dealers?
The way to buy via participating dealers where fresh units are issued, how do they determine the price? Eg: ABF Singapore Bond Index Fund price is S$ 1.255 while the NAV is S$ 1.2550.
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No, you will buying it at the market price.
NAV is the value of the underlying assets per share.
A similar metric would be P/B ratio for listed companies.