A glossary of terms used in ETFM
Assets under management (AUM) – the market value of the assets a company looks after on behalf of investors. Bank for International Settlements (BIS) – an organisation which serves central banks in pursuing monetary and financial stability. European fund and asset management association (Efama) – an organisation which represents the investment industry. European Securities and markets authority (Esma) – an independent EU authority designed to help safeguard the stability of the EU financial system. Exchange-traded commodity (ETC) – Exchange-traded commodities are an ETN that tracks eit...
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