Tilavuusosuudet

Tilavuusosuudet, often translated as "volume shares" or "participation units," are a financial instrument used primarily in the Finnish context, particularly by investment funds. They represent a unit of ownership in an investment fund. When an investor buys into a fund that utilizes tilavuusosuudet, they are purchasing a certain number of these units. The value of each tilavuusosuus fluctuates based on the performance of the underlying assets within the fund.

These units are typically issued by open-ended investment funds, meaning that new units can be created or redeemed as investors buy in or cash out. The total number of tilavuusosuudet in a fund changes daily. The price of a tilavuusosuus is calculated by dividing the net asset value (NAV) of the fund by the total number of outstanding tilavuusosuudet. NAV itself is determined by valuing all the assets held by the fund, subtracting liabilities, and then dividing by the number of units.

Tilavuusosuudet simplify the process of buying and selling units in an investment fund for the individual investor. Instead of dealing with fractions of underlying securities, investors deal with whole units. This structure also facilitates the calculation of gains or losses, as these are directly tied to the change in the value of the investor's tilavuusosuudet. They are a common feature of mutual funds and other pooled investment vehicles in Finland.