Baltic Horizon Fund Announces December 2023 NAV Amid Market Fluctuations

In the dynamic climate of financial investment, the Baltic Horizon Fund (the Fund) has announced its net asset value (NAV) for December 2023. At the close of the month, the NAV per unit of the Fund stood at EUR 0.9156. Exhibiting a monthly decrease of 6.7%, the total NAV was calculated at EUR 109.5 million. This represents a drop from the previous figure reported at the end of November, which was EUR 117.4 million.

Understanding NAV and Market Impacts

The NAV is a critical indicator of a fund's performance, mirroring the value of its holdings minus the liabilities on a per-unit basis. The December dip in NAV for the Baltic Horizon Fund was reflective of broader market trends, which also impacted the valuations of prominent tech giants like Alphabet Inc. GOOG, known for overseeing Google among other subsidiaries, and Meta Platforms, Inc. META, the company behind innovative connection and sharing products globally.

Broader Market Context

The adjustment in NAV is a marker of market sentiment and economic factors that sway asset valuations. Companies like GOOG, a renowned tech conglomerate with extensive global influence, and META, which crafts devices and platforms for social connectivity, are subject to similar market forces that influence the performance and valuation of investment vehicles like the Baltic Horizon Fund.

NAV, Fund, Investment