Our investment fund is an open-ended Fund constitued as a Unit Trust mostly invested in shares on a listed market. The NAV is calculated weekly.
At the launching period the NAV was fixed at 10.00, and 500,000 has been subscribed. Only one class of redeemable units.
Our assets are classified at FVTPL and the units in issue are treated as equity (amendments to IAS 32 and IAS1).
Few weeks later, new subscriber arrive for 50,000. After reevaluation at fair value of the assets, the NAV calculated is at 9.80, (due to a loss …