12:28 Sep 25, 2011
This question was closed without grading. Reason: Other

English to German translations [PRO]
Bus/Financial - Investment / Securities / Fondswesen
English term or phrase: NAV vs. NAVPS
Ich zerbreche mir schon seit Ewigkeiten den Kopf darüber, WO eigentlich der Unterschied zwischen dem Nettoinventarwert eines Fonds (NAV) und der Nettoinventarwert je Anteil (NAVPS) liegt.

Die Frage stellt sich mir immer wieder, wenn in einem Fondsprospekt zwar "Net Asset Value per Share" ein definierter Begriff ist (haufig Nettoanteilswert), nicht aber "Net Asset Value" (as such).

Dann kommen in einem solchen Prospekt häufig Sätze wie:
The number of Shares issued will be based upon the respective *Net Asset Value of the Shares* of the two relevant Funds oder Share Classes on the Valuation Day.

Jetzt frage ich mich, ob der Autor des Originals eine Differenzierung vornahm (die ich nicht verstehe) oder ob er simpel und einfach sich nicht an seine eigenen Vorgaben (Net Asset Value per Share) gehalten hat.
Eigentlich dürfte ja nur "Net Asset Value per Share" als Nettoanteilswert übersetzt werden (wenn man sich strikt an die Regeln definierter Begriffe hält).

Natürlich kann man das Problem bis zu einem gewissen Grad umgehen, indem man "Net Asset Value per Share" als "Nettoinventarwert je Anteil" übersetzt, doch der "Nettoanteilswert" ist halt ein bisserl eleganter.

Wer klärt mich auf?
Besten Dank im Voraus!
Helga Humlova

Summary of answers provided
4Inventarwert/Liquidationswert vs Eigenkapital je Aktie
Attila Szabo
Summary of reference entries provided
Attila Szabo

Discussion entries: 3



35 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
nav vs. navps
Inventarwert/Liquidationswert vs Eigenkapital je Aktie

Routledge German Dictionary Of Business, Commerce and Finance

Note added at 36 mins (2011-09-25 13:04:59 GMT)

Seite 745.

Attila Szabo
Czech Republic
Local time: 21:45
Native speaker of: Native in HungarianHungarian, Native in SlovenianSlovenian
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Reference comments

27 mins

Reference information:
NAV (net asset value) = the total value of a company after deducting the money owed by it (it is the value of shareholders’ capital plus reserves and any money retained from profits). Abbreviation NAV. Also called net worth.

NAVPS (net asset value per share) = the value of a company calculated by dividing the shareholders’ funds by the number of shares issued.
(from: Dictionary of accounting)

Hope this helps a bit.

Attila Szabo
Czech Republic
Native speaker of: Native in HungarianHungarian, Native in SlovenianSlovenian
Note to reference poster
Asker: Thanks, Attila, I know that. I am translating and editing Funds Prospectuses for unnumbered years now. What I am interested in is whether or not there is ACTUALLY a difference between NAV and NAVPS OTHER than one being the "compound value" and the other being the "compound value difided by the number of shares". To put my question into a mathematical form: As to my understanding the NAVPS is nothing else than the NAV divided by the number of shares. If there is a difference, I would like to know exactly WHERE and WHY this difference is.

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