This is a measure I include for Mutual Fund companies. It is an important measure of the success a Mutual Fund company. It measures the flow of money into and out of a company and also the changes to the funds a Mutual Fund company manages.
You need growth in Assets under Management to get growth in Revenue. When need growth in Revenue to get growth in earnings and cash flow.
The site Investing Answers explains about Assets under Management (AUM). You can find definitions of this concept at Investopedia.
On my other blog I am today writing about CI Financial Corp (TSX-CIX, OTC-CIFAF) ... continue...
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