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In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. [1]
Management fees typically range from 1% to 4% per annum, with 2% being the standard figure. [citation needed] Therefore, if a fund has $1 billion of assets at year-end and charges a 2% management fee, the management fee will be $20 million. Management fees are usually expressed as an annual percentage but both calculated and paid monthly (or ...
With net asset values reported flat at $1.00, despite the market value variance of the actual underlying assets, an impression of rock solid stability is maintained. To help maintain this impression, money market fund managers frequently forgo being reimbursed legitimate fund expenses, or cut their management fee, on an ad hoc and informal ...
Assets Under Management (Billions) Add to My Watchlist. SPDR S&P 500 ETF. S&P 500 index. $96.1. Add. SPDR Gold Trust. Spot price of gold bullion. $66.8. Add. Vanguard MSCI Emerging Markets ETF.
Total assets (US$ billion) BlackRock: AM 12,000 Charles Schwab Corporation: AM 7,500 The Vanguard Group: AM 7,000 People's Bank of China: FOREX 3,700 Fidelity Investments: AM 3,600 Allianz Asset Management (PIMCO + Allianz Global Investors) AM 3,400 State Street Global Advisors: AM 3,300 Capital Group: AM 2,300 JPMorgan Chase: AM 2,300
Rank Fund Name Assets (millions of USD) ; 1 SPDR S&P 500 ETF $ 260,765.80 2 Vanguard 500 Idx Adm $ 256,872.60 3 Vanguard TSM Idx Adm $ 209,796.70
The expense ratio of a stock or asset fund is the total percentage of fund assets used for administrative, management, advertising (12b-1), and all other expenses. An expense ratio of 1% per annum means that each year 1% of the fund's total assets will be used to cover expenses. [1]
Merton's portfolio problem is a problem in continuous-time finance and in particular intertemporal portfolio choice.An investor must choose how much to consume and must allocate their wealth between stocks and a risk-free asset so as to maximize expected utility.