BALTIMORE, Nov. 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary
assets under management of approximately $755.2 billion as of October 31, 2017. This month's AUM included
long-term inflows of $2.1 billion,
consisting of net inflows in fixed income of $2.3 billion, partially offset by net outflows in
equity of $0.2 billion.
Alternative flows were breakeven. Alternative AUM reflects
$0.1 billion of
realizations1. Liquidity outflows were $1.5 billion and this month's AUM included a
negative foreign exchange impact of $2.1
billion.
LEGG MASON, INC.
AND SUBSIDIARIES*
|
(Amounts in
billions)
|
(Unaudited)
|
Assets Under
Management
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preliminary
|
|
|
|
|
|
|
|
|
|
|
|
By asset
class:
|
|
October
2017
|
|
September
2017
|
|
June 2017
|
|
March 2017
|
|
December
2016
|
|
|
|
|
Equity
|
|
$
203.4
|
|
$
201.2
|
|
$
196.2
|
|
$
179.8
|
|
$
169.0
|
|
|
|
|
Fixed
Income
|
|
412.2
|
|
411.9
|
|
403.6
|
|
394.3
|
|
381.1
|
|
|
|
|
Alternatives
|
|
65.7
|
|
65.8
|
|
66.5
|
|
67.9
|
|
71.5
|
|
|
|
|
|
Long-Term
Assets
|
|
$
681.3
|
|
$
678.9
|
|
$
666.3
|
|
$
642.0
|
|
$
621.6
|
|
|
|
|
Liquidity
|
|
73.9
|
|
75.5
|
|
74.9
|
|
86.4
|
|
88.8
|
|
|
|
|
|
Total
|
|
$
755.2
|
|
$
754.4
|
|
$
741.2
|
|
$
728.4
|
|
$
710.4
|
|
|
|
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About Legg Mason
Legg Mason is a global asset
management firm with $755 billion in
assets under management as of October 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 and December
2016 were $16.0 billion and
$13.7 billion respectively.
1 Realizations represent investment manager-driven
distributions primarily 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-october-2017-300553485.html
SOURCE Legg Mason, Inc.