"To own the asset" means that you have complete control or ownership over a specific item or property. It means that you have the right to use, sell, or make decisions about that asset. Full definition
Common examples of assets of this type are savings bonds, annuities, IRAs and other tax - favored retirement plan accounts such as 401 (k) accounts. (turbotax.intuit.com)
You read that right, there was net decline in assets in mutual funds. (etfbase.com)
The right mix of asset classes in a portfolio is a key factor in whether or not you meet your financial goals. (portfoliosolutions.com)