Glossary

Asset management is the professional management of investments on behalf of clients, typically institutions or individual investors.

It involves the process of analysing, selecting, and overseeing various financial instruments, such as stocks, bonds, and real estate, with the goal of maximising returns while managing risks. Asset managers may also provide other services, like financial planning and portfolio diversification. 💼💰

For example, BlackRock, one of the world's largest asset management firms, manages a diverse range of investment products, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts, catering to both retail and institutional investors.

Fun fact: The asset management industry is enormous, managing trillions of dollars globally. In 2020, the total value of assets under management (AUM) for the top 500 global asset managers exceeded $100 trillion for the first time. 🌍💵