AUM represents the market value of assets managed by financial institutions. Higher AUM indicates better performance and success of mutual funds. AUM includes both fund returns and the total market value of assets
Mutual funds pool investments from multiple investors with common objectives. Fund managers purchase securities based on investment mandate. Investors receive proportional profits/losses based on their investment amount
High-yield savings accounts provide immediate access to cash. Long-term CDs offer higher interest rates than savings accounts. FDIC-protected accounts like CDs are safe for short-term needs