PR Newswire
BALTIMORE, Sept. 13, 2016
BALTIMORE, Sept. 13, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $737.2 billion as of August 31, 2016. This month's AUM included long-term inflows of $1.5 billion, driven by fixed income inflows of $2.1 billion and breakeven alternative[1] flows, partially offset by equity outflows of $0.6 billion. Liquidity outflows were $21.6 billion and this month's AUM included a negative foreign exchange impact of $0.9 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: |
August 2016 |
June 2016 |
March 2016 |
December 2015 |
September 2015 | |||||||
Equity |
$ 167.2 |
$ 161.1 |
$ 162.3 |
$ 167.3 |
$ 164.8 | |||||||
Fixed Income |
396.9 |
387.2 |
372.3 |
364.8 |
363.1 | |||||||
Alternative |
71.6 |
72.6 |
22.7 |
24.1 |
18.1 | |||||||
Long-Term Assets |
$ 635.7 |
$ 620.9 |
$ 557.3 |
$ 556.2 |
$ 546.0 | |||||||
Liquidity |
101.5 |
121.0 |
112.3 |
115.3 |
126.1 | |||||||
Total |
$ 737.2 |
$ 741.9 |
$ 669.6 |
$ 671.5 |
$ 672.1 |
About Legg Mason
Legg Mason is a global asset management firm with $737 billion in assets under management as of August 31, 2016. 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).
[1]Alternative assets include all AUM managed by Clarion Partners, EnTrustPermal, RARE Infrastructure and Permal Capital Management
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/legg-mason-reports-assets-under-management-and-flows-for-august-2016-300326634.html
SOURCE Legg Mason, Inc.
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