To get started in investing, pick up these handy definitions of common investing terms so you can invest with peace of mind. Net asset value (NAV) Net asset value (NAV) of a fund refers to a unit trust’s total assets after deducting its total liabilities. It is commonly calculated to indicate the per share value of a unit trust (mutual fund) or an exchange-traded fund (ETF). Unit trust Unit trusts are a type of mutual fund that pools money from different investors to invest in assets. The investor of a unit trust is the beneficiary of the trust. Equity fund Also known as a stock fund, an equity fund is a type of unit trust (mutual fund) that invests primarily in common stocks. Typically categorised by regions, types, and sizes, equity funds can either be actively or passively managed. Bond fund...