Meaning of “assets under management” in the English Dictionary

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"assets under management" in Business English

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assets under managementnoun [ plural ]

uk us abbreviation AUM

ACCOUNTING, FINANCE the investments that are managed by a bank or investment company, and their total value:

The company today reported assets under management of $163.1 billion.

(Definition of “assets under management” from the Cambridge Business English Dictionary © Cambridge University Press)