7. What is an investment unit?

An investment unit is a calculated proportionate share in the total net assets of open-end investment funds.

The value of an investment unit of an open-end investment fund is calculated as net asset value of the fund divided by the total number of investment units. Meaning, that if the net asset value of the fund is RSD 100,000, and the total number of investment units is 100, the value of one investment unit is RSD 1,000. If on the following day net asset value of the fund is RSD 10,000, the value of one investment unit will be RSD 1,100 (on a condition that the number of investment units did not change).

The initial value of investment units for all open-end funds amounts to RSD 1,000.