Legg Mason Reports Assets Under Management and Flows for July 2018

Legg Mason Reports Assets Under Management and Flows for July 2018

PR Newswire

BALTIMORE, Aug. 10, 2018

BALTIMORE, Aug. 10, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $749.2 billion as of July 31, 2018. This month's AUM included net long-term outflows of $3.0 billion, driven by net outflows in fixed income of $1.9 billion, alternatives of $0.6 billion, and equity of $0.5 billion. Alternative AUM reflects $0.1 billion of realizations. Liquidity net outflows were $1.6 billion and this month's AUM included a positive foreign exchange impact of $0.1 billion.

LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)

Assets Under Management

				Preliminary
By asset class:				July 2018		June 2018		March 2018		December 2017		September 2017
	Equity			$ 212.1		$ 206.4		$ 203.0		$ 207.6		$ 201.2
	Fixed Income			413.1		412.3		422.3		420.1		411.9
	Alternatives			66.0		66.4		66.1		66.3		65.8
		Long-Term Assets		$ 691.2		$ 685.1		$ 691.4		$ 694.0		$ 678.9
	Liquidity			58.0		59.5		62.7		73.2		75.5
		Total		$ 749.2		$ 744.6		$ 754.1		$ 767.2		$ 754.4

About Legg Mason
Guided by a mission of Investing to Improve Lives,™ Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason's assets under management are $749 billion as of July 31, 2018. To learn more, visit our website, our newsroom, or follow us on LinkedIn, Twitter, or Facebook.

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SOURCE Legg Mason, Inc.

Copyright CNW Group 2018

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