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Legg Mason Reports Assets Under Management and Flows for September 2017

Company Release - 10/11/2017 8:00 AM ET

BALTIMORE, Oct. 11, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $754.4 billion as of September 30, 2017. This month's AUM included long-term outflows of $1.3 billion, consisting of net outflows in equity of $1.2 billion and fixed income of $0.3 billion, partially offset by alternative inflows of $0.2 billion. Fixed income outflows included a $3.0 billion low-fee mandate redemption. Alternative AUM reflects realizations of $0.4 billion1. Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign exchange impact of $0.7 billion.

LEGG MASON, INC. AND SUBSIDIARIES

(Amounts in billions)

(Unaudited)














Assets Under Management









































Preliminary 









By asset class:


September 2017


June 2017


March 2017


December 2016


September 2016


Equity


$            201.2


$          196.2


$          179.8


$           169.0


$            168.4


Fixed Income


411.9


403.6


394.3


381.1


396.9


Alternatives


65.8


66.5


67.9


71.5


72.0



Long-Term Assets


$            678.9


$          666.3


$          642.0


$           621.6


$            637.3


Liquidity


75.5


74.9


86.4


88.8


95.6



Total


$            754.4


$          741.2


$          728.4


$           710.4


$            732.9

 

About Legg Mason
Legg Mason is a global asset management firm with $754 billion in assets under management as of September 30, 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, December 2016, and September 2016 were $16.0 billion, $13.7 billion, and $12.8 billion respectively.

1 Realizations represent investment manager-driven distributions 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).

 

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SOURCE Legg Mason, Inc.