BALTIMORE, Sept. 12, 2017
/PRNewswire/ -- Legg Mason, Inc.
(NYSE: LM) reported preliminary assets under management of
approximately $752.4 billion as of
August 31, 2017. This month's
AUM included long-term outflows of $1.5
billion, consisting of net outflows in equity of
$0.8 billion, fixed income of
$0.5 billion and alternative of
$0.2 billion. Fixed income outflows
included a previously disclosed $2.6
billion low-fee redemption. Alternative AUM reflects
realizations of $0.1
billion1. Liquidity outflows were $1.6 billion and this month's AUM included a
negative foreign exchange impact of $0.4
billion.
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LEGG MASON, INC.
AND SUBSIDIARIES
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(Amounts in
billions)
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(Unaudited)
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Assets Under
Management
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Preliminary
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By asset
class:
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August
2017
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July 2017
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June 2017
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March 2017
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December
2016
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September
2016
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Equity
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$
198.5
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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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413.7
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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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65.6
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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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$
677.8
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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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74.6
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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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$
752.4
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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 $752 billion in
assets under management as of August 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.
1 Realizations represent investment manager-driven
distributions related to the sale of assets. Realizations are
specific to our alternative managers and do not include
client-driven distributions (e.g. client requested redemptions,
liquidations or asset transfers).
View original
content:http://www.prnewswire.com/news-releases/legg-mason-reports-assets-under-management-and-flows-for-august-2017-300518119.html
SOURCE Legg Mason, Inc.