The total market value of the assets a fund holds. "AUM reflects accumulated investor capital. It does not reflect the ETF's ability to handle incremental trades." In this sense, "AUM measures scale, not capacity."
Quoted passages come from the articles on this site.
Covered in: Why ETF Liquidity ≠ AUM
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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