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Glossary

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There are 5 names in this directory beginning with the letter A.
Active Management
Active Management is an investment strategy where investment managers or investment management teams rely on their investment expertise, analytical research, and forecasts to make investment decisions for their fund’s portfolio.

 

Actively Managed Fund
An actively-managed fund is a fund in which an investment management team makes investment decisions that determines how the fund invests its assets. Actively-managed funds attempt to outperform the market or achieve specific investment-specific. Actively-managed funds usually have management fees attached to the cost of investing in the fund.

 

Alpha
Alpha (α) is used in finance as a measure of performance of an investment against a market index. The excess return of an investment compared to the return of a market index, such as the S&P 500, is the investment’s alpha. It may be positive or negative.
It is also used to rank active MF and other investments and the baseline value is zero. For example, if an investment has an alpha value of three, this means that it has outperformed the benchmark by three percent.
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AMEX
The NYSE(New York Stock Exchange), formerly known as AMEX(American Stock Exchange), is the largest stock exchange in the world with the total market capitalization of its securities’ estimated at $28.5 trillion (as of June 30, 2018). The exchange has both floor traders, and electronic systems to set pricing and trade securities during market hours.

 

Assets Under Management (AUM)
Assets under management (AUM) is the total market value of the investments in a portfolio or fund. The AUM fluctuates daily because money is constantly flowing in and out of funds and price of underlying securities are always changing.