ELI5: Explain Like I'm 5

Global assets under management

Global assets under management refers to the total value of all investments managed by financial advisors and service providers. Think of it like someone collecting money from lots of different people and then investing it in different investments like stocks, bonds, and real estate. It's a way for people to make money from their investments, but it's also a way for a financial firm to make money by managing other people's investments.
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