LEGG MASON, INC. BALTIMORE, Oct. 10, 2014 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $708 billion as of September 30, 2014. This month's AUM included equity inflows of approximately $1.8 billion, fixed income inflows of approximately $0.8 billion and liquidity inflows of approximately $8.8 billion. September AUM included a negative foreign exchange impact of approximately $5.1 billion.
LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
Preliminary
By asset class: September 2014 June 2014 March 2014 December 2013 September 2013
-------------- --------- ---------- ------------- --------------
Equity $193.6 $196.0 $186.4 $182.5 $169.5
Fixed Income 360.4 366.7 365.2 355.6 355.0
Long-Term Assets 554.0 562.7 551.6 538.1 524.5
Liquidity 153.8 141.6 150.2 141.4 131.5
Total $707.8 $704.3 $701.8 $679.5 $656.0
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(1) Effective April 1, 2014, certain client assets previously reported as AUM have been reclassified as Assets Under Advisement (AUA). As a result of this change $10.7 billion of AUA in September 2014, are excluded from the table above. Included in the table above is $12.6 billion in
fixed income AUM in March 2014, $13.9 billion in December 2013 and $15.1 billion in September 2013 related to the low fee sovereign mandate that has been reclassified as Assets Under Advisement (AUA).
Outflows related to the low fee sovereign mandate, which are excluded from long-term net flows, were $0.3 billion in the month of September.
About Legg Mason
Legg Mason is a global asset management firm with $708 billion in assets under management as of September 30, 2014. 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).
SOURCE Legg Mason, Inc.
