Legg Mason Reports Assets Under Management and Flows for September 2018

Legg Mason Reports Assets Under Management and Flows for September 2018

PR Newswire

BALTIMORE, Oct. 10, 2018

BALTIMORE, Oct. 10, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $755.4 billion as of September 30, 2018. This month's AUM included net long-term inflows of $3.4 billion, driven by net inflows in fixed income of $2.1 billion, alternatives of $1.2 billion and equity of $0.1 billion. Approximately $1.0 billion of unfunded wins previously expected to fund in September are now forecast to fund in October. Alternative AUM reflects $0.1 billion of realizations. Liquidity net inflows were $1.7 billion and this month's AUM included a negative foreign exchange impact of $0.4 billion.

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

Assets Under Management
	Preliminary
By asset class:	September 2018		June 2018		March 2018		December 2017		September 2017
Equity	$ 214.5		$ 206.4		$ 203.0		$ 207.6		$ 201.2
Fixed Income	411.0		412.3		422.3		420.1		411.9
Alternatives	67.4		66.4		66.1		66.3		65.8
Long-Term Assets	$ 692.9		$ 685.1		$ 691.4		$ 694.0		$ 678.9
Liquidity	62.5		59.5		62.7		73.2		75.5
Total	$ 755.4		$ 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 $755 billion as of September 30, 2018. To learn more, visit our website, our newsroom, or follow us on LinkedIn, Twitter, or Facebook.

(PRNewsfoto/Legg Mason, Inc.)

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SOURCE Legg Mason, Inc.

Copyright CNW Group 2018

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