What is aum

In the context of Singapore's real estate and asset management, Assets Under Management (AUM) refers to the total market value of assets that a company or fund manager oversees and manages. This includes:

- Direct real estate investments, such as investment properties, at their fair value and gross of leverage.
- Investment properties under construction at their fair value.
- Shares owned in joint ventures and co-investments, also gross of leverage.
- Debt investments at their fair value and gross of leverage.
- Investments in underlying funds (fund of funds) and securities at their net asset value.
- Undrawn investor commitments that are contractually locked in and non-revocable.

In Singapore, the AUM has been significant, with the country serving as a major hub for asset management. As of 2023, Singapore's total AUM grew to $5.4 trillion, driven by asset value recovery and net inflows, despite a decline in net AUM inflows due to market volatility and investor caution.