Assets Under Management (AUM): The aggregates market value of all financial assets held in an investment fund. (financialcanadian.com)
Now, one might object that a high value of financial assets relative to disposable income is actually a good thing, and that it reflects greater saving by households. (hussmanfunds.com)
It is better for an capitalist economy to correct imbalances in the value of financial assets (debt / money) and the value of hard assets (homes / land / other colattoral) before either one is excessively desired more than the other. (jaredbernsteinblog.com)