Diversifying is harder than it used to be

• Net Asset Value (NAV) - This is the value of the investment company’s assets, less any liabilities it has.

• Net Asset Value (NAV) per Share - This is the NAV divided by the number of shares in issue. This is often very different to the share price, which results in a discount or premium to NAV.

• Premium - The amount, expressed as a percentage, by which the share price is more than the net asset value per share.

Source: AIC