LEGG MASON, INC. BALTIMORE, Nov. 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $716.3 billion as of October 31, 2016. This month's AUM included long-term outflows of $1.0 billion, which included previously announced client redemptions at ClearBridge and RARE, consisting of net outflows in equities of $1.6 billion and alternatives(1) of $0.5 billion. This month's AUM included fixed income inflows of $1.1 billion. Liquidity outflows were $5.6 billion and this month's AUM included a negative foreign exchange impact of $2.7 billion.
LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
Preliminary
By asset class: October 2016 September 2016 June 2016 March 2016 December 2015
------------ -------------- --------- ---------- -------------
Equity $161.7 $168.4 $161.1 $162.3 $167.3
Fixed Income 393.6 396.9 387.2 372.3 364.8
Alternatives 70.9 72.0 72.6 22.7 24.1
Long-Term Assets $626.2 $637.3 $620.9 $557.3 $556.2
Liquidity 90.1 95.6 121.0 112.3 115.3
Total $716.3 $732.9 $741.9 $669.6 $671.5
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About Legg Mason
Legg Mason is a global asset management firm with $716 billion in assets under management as of October 31, 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
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SOURCE Legg Mason, Inc.
