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It should be "assets under management". Those assets are really owned by millions of ordinary people: they are savings, retirement funds, etc.
by bboreham 9y ago
It should be "assets under management". Those assets are really owned by millions of ordinary people: they are savings, retirement funds, etc.
- logicallee 9y agoThanks. Perhaps a better way to put it is that it is fourth-largest fund in the word by assets managed (after BlackRock, Vanguard Group, and UBS), at least according to a quick search. It's not realy fair to call it their assets, though.