BALTIMORE, Aug. 10, 2017 /PRNewswire/ -- Legg Mason,
Inc. (NYSE: LM) reported preliminary assets under management of
approximately $753.3 billion as of
July 31, 2017. This month's AUM
included long-term net inflows of $1.5
billion, consisting of net inflows in fixed income of
$2.2 billion, partially offset by
alternative net outflows of $0.7
billion. Equity net flows were flat. Liquidity net inflows
were $0.9 billion and there was a
positive foreign exchange impact of $3.4
billion.
LEGG MASON, INC.
AND SUBSIDIARIES*
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(Amounts in
billions)
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(Unaudited)
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Assets Under
Management
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Preliminary
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By asset
class:
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July 2017
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June 2017
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March 2017
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December
2016
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September
2016
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Equity
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$
199.9
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$
196.2
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$
179.8
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$
169.0
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$
168.4
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Fixed
Income
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411.4
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403.6
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394.3
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381.1
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396.9
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Alternatives
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65.9
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66.5
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67.9
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71.5
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72.0
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Long-Term
Assets
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$
677.2
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$
666.3
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$
642.0
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$
621.6
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$
637.3
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Liquidity
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76.1
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74.9
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86.4
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88.8
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95.6
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Total
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$
753.3
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$
741.2
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$
728.4
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$
710.4
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$
732.9
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#
#
#
About Legg Mason
Legg Mason is a global asset
management firm with $753 billion in
assets under management as of July 31,
2017. The Company provides active asset management in many
major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is
listed on the New York Stock Exchange (symbol: LM).
* Effective April 1, 2017,
Assets Under Management includes a transfer of certain assets which
were previously included in Assets Under Advisement, principally
retail separately managed account programs that operate and have
fee rates comparable to programs managed on a fully discretionary
basis. Comparable AUA for the quarters ended March 2017, December
2016, and September 2016 were
$16.0 billion, $13.7 billion, and $12.8
billion respectively.
View original
content:http://www.prnewswire.com/news-releases/legg-mason-reports-assets-under-management-and-flows-for-july-2017-300502461.html
SOURCE Legg Mason, Inc.