LEGG MASON, INC. BALTIMORE, Feb. 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $713.8 billion as of January 31, 2017. This month's AUM included long-term outflows of $2.5 billion, which included previously announced client redemptions at Western Asset and QS Investors, consisting of net outflows in fixed income of $1.0 billion, equities of $0.8 billion and alternatives(1) of $0.7 billion. Liquidity outflows were $4.0 billion and this month's AUM included a positive foreign exchange impact of $3.7 billion.
LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
Preliminary
By asset class: January 2017 December 2016 September 2016 June 2016 March 2016
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Equity $172.4 $169.0 $168.4 $161.1 $162.3
Fixed Income 385.1 381.1 396.9 387.2 372.3
Alternatives 71.0 71.5 72.0 72.6 22.7
Long-Term Assets $628.5 $621.6 $637.3 $620.9 $557.3
Liquidity 85.3 88.8 95.6 121.0 112.3
Total $713.8 $710.4 $732.9 $741.9 $669.6
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About Legg Mason
Legg Mason is a global asset management firm with $714 billion in assets under management as of January 31, 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).
(1) Alternative assets include all AUM managed by Clarion Partners, EnTrustPermal, RARE Infrastructure and Glouston Capital (formerly Permal Capital Management).
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SOURCE Legg Mason, Inc.
