The difference between an ETF's market price and its NAV (or intraday indicative value), usually expressed as a percentage or in basis points. A price above NAV is a premium; a price below NAV is a discount.
Covered in: ETF trading-cost calculator · Why ETFs Surface Liquidity Constraints Faster Than Mutual Funds
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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