Legg Mason Reports Assets Under Management and Flows For September 2016

Legg Mason Reports Assets Under Management and Flows For September 2016

PR Newswire

BALTIMORE, Oct. 12, 2016

BALTIMORE, Oct. 12, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $732.9 billion as of September 30, 2016. This month's AUM included long-term outflows of $1.4 billion, consisting of net outflows in fixed income of $0.8 billion, alternatives¹ of $0.5 billion and equity of $0.1 billion. Liquidity outflows were $5.8 billion and this month's AUM included a positive foreign exchange impact of $1.1 billion.

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

Assets Under Management


				Preliminary
By asset class:				September 2016		June 2016		March 2016		December 2015		September 2015
	Equity			$ 168.4		$ 161.1		$ 162.3		$ 167.3		$ 164.8
	Fixed Income			396.9		387.2		372.3		364.8		363.1
	Alternative			72.0		72.6		22.7		24.1		18.1
		Long-Term Assets		$ 637.3		$ 620.9		$ 557.3		$ 556.2		$ 546.0
	Liquidity			95.6		121.0		112.3		115.3		126.1
		Total		$ 732.9		$ 741.9		$ 669.6		$ 671.5		$ 672.1

About Legg Mason
Legg Mason is a global asset management firm with $733 billion in assets under management as of September 30, 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-september-2016-300343082.html

SOURCE Legg Mason, Inc.

Copyright CNW Group 2016

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