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Assets under management
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<p>In <a href="/facts/Finance/fLh1GgN8">finance</a>, assets under management (AUM), sometimes called fund under management, refers to the total <a href="/facts/Market_value/fmXJAkhw">market value</a> of all <a href="/facts/Financial_asset/9TJ3MK4u">financial assets</a> that a <a href="/facts/Financial_institution/MMdhY0g9">financial institution</a>—such as a <a href="/facts/Mutual_fund/gyz5AKUP">mutual fund</a>, <a href="/facts/Venture_capital_firm/yeH3m7zo">venture capital firm</a>, or <a href="/facts/Depository_institution/A1VFmLtB">depository institution</a>—or a <a href="/facts/Decentralized_network_protocol/oTp3d3XL">decentralized network protocol</a> manages and invests, typically on behalf of its clients. Funds may be managed for clients, platform users, or solely for themselves, such as in the case of a financial institution which has mutual funds or holds its own venture capital. The definition and formula for calculating AUM may differ from one entity to another. </p>