Why will the Intelligent Investor Ethical Share Fund (Managed Fund) (ASX: INES) not trade at a discount to NTA (Net Tangible Assets)?

We expect the fund to trade at NAV (Net Asset Value), e.g. if the NAV of the fund is $2.60, we expect to see the bid price at $2.595 and the offer price at $2.605 on the ASX. As the issuer of the fund, InvestSMART will make sure that the ASX prices accurately reflect the NAV.  We will also publish on our website an “indicative” NAV throughout the trading day that will estimate the NAV every 15 seconds.