As part of London Hot Topics 2026, Polly O’Brien and Vlad Maly explored the rapid evolution of fund finance, the growing role of net asset value (NAV) facilities, and the governance considerations ...

The fund finance market has undergone a remarkable transformation in recent years, evolving from a niche corner of the lending market into an innovative and dynamic segment of the capital markets.

Though net asset value is not factored into investing decisions the way a P/E or P/S ratio may be, it can be useful to compare the NAV returns of competing funds.

Discover the differences between ETFs and mutual funds, including cost, trading flexibility, tax efficiency, and management style, to choose the right investment for you.