|Ask an Expert|
Recently, working for a new customer, one of my teams has had to research and identify Investment companies, separating out the FUM from the AUM.
Sounds easy enough, there are many lists, from bloomberg, the IMA, FT etc but everyone seems to define FUM and FUM differently.
Most definitions seem to say that FUM is total funds and AUM can be more tangible assets. Some say they are completely interchangeable.
- Is there a definitive view point?
- How can we be sure to provide the customer with accurate information unless we ask each individual company on the list what their definition is?