Assets Under Management is the total market value of investments that a person, fund, venture capital firm, brokerage firm, portfolio manager, or any other financial institution manages on behalf of its clients or investors.
The methods used to calculate assets under management differ from one company to the next. Assets under management are affected by the flow of investor funds into and out of a specific fund and, as a result, can fluctuate on a daily basis.
According to Agusto&Co research’s asset management industry report for Nigeria for 2021, between 2016 and 2021, the industry’s Assets Under Management (AUM) compound annual growth rate (CAGR) grew at 29%.
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