How has the valuation of units in the GIF and URF changed?
The GIF and URF are known as Floating NAV funds. This means that the NAV of a unit in these funds changes daily, based on the performance of the pool of securities within the fund. Formerly, the NAV used for buying and selling units in the GIF and URF was a historical NAV, i.e., a NAV calculated at the end of the previous trading day. Our new technology platform facilitates the buying and selling of units based on the NAV calculated at the end of the day on which those units were bought or sold – providing our customers with the most up-to-date unit prices.