Asset management means that a person or a company invests money for other people and companies. Asset management is conducted on a professional basis and those working with asset management are called asset managers.
An asset manager charges a proportional fee on the returns or the capital. An asset manager can also charge fixed fees for the work they perform . Asset managers have the ability to spread risks better than an ordinary private person and they also have a better knowledge of the capital market.
A fund manager is doing asset management. A fund manager sells shares in a fund. A fund manager buys debt securities, stocks and options with the capital available in the fund. There are many different types of funds with different orientations. A fund has fund shares, these shares can be bought and sold by a fund manager. Banks are usually fund managers. When the value of a fund increases, so does the value of the fund shares.
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