Legg Mason Reports Assets Under Management and Flows For December 2016
BALTIMORE, Jan. 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $710.4 billion as of December 31, 2016. This month's AUM included long-term outflows of $0.3 billion, driven by net outflows in equities of $0.6 billion and in alternatives1 of $0.2 billion, partially offset by fixed income inflows of $0.5 billion. Liquidity outflows were $0.6 billion and this month's AUM included a negative foreign exchange impact of $1.1 billion.
| LEGG MASON, INC. AND SUBSIDIARIES |
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| (Amounts in billions) |
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| (Unaudited) |
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| Assets Under Management |
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| Preliminary |
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| By asset class: |
December 2016 |
September 2016 |
June 2016 |
March 2016 |
December 2015 |
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| Equity |
$ 169.0 |
$ 168.4 |
$ 161.1 |
$ 162.3 |
$ 167.3 |
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| Fixed Income |
381.1 |
396.9 |
387.2 |
372.3 |
364.8 |
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| Alternatives |
71.5 |
72.0 |
72.6 |
22.7 |
24.1 |
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| Long-Term Assets |
$ 621.6 |
$ 637.3 |
$ 620.9 |
$ 557.3 |
$ 556.2 |
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| Liquidity |
88.8 |
95.6 |
121.0 |
112.3 |
115.3 |
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| Total |
$ 710.4 |
$ 732.9 |
$ 741.9 |
$ 669.6 |
$ 671.5 |
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About Legg Mason
Legg Mason is a global asset management firm with $710 billion in assets under management as of December 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 Glouston Capital (formerly Permal Capital Management).
SOURCE Legg Mason, Inc.
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