Assets Under Management - AUM
In general, the market value of assets an investment company manages on behalf of investors.
Investopedia Commentary
There are widely differing views on what the term means. Some financial institutions include bank deposits, mutual funds and institutional money in their calculations. Others limit it to funds under discretionary management where the client delegates responsibility to the company.
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See also: Asset, Fund Manager, Investment Advisor, Managed Money, Money Manager
Also spelled: AUM