News Column

Legg Mason Reports Assets Under Management and Flows For June 2014

July 26, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $704 billion as of June 30, 2014. This month's AUM included fixed income inflows of approximately $0.5 billion, equity outflows of approximately $0.2 billion and liquidity inflows of $9.6 billion. June AUM included a positive foreign exchange impact of approximately $1.0 billion.

For our fiscal first quarter, long-term inflows were approximately $0.7 billion due to approximately $2.5 billion of fixed income inflows which more than offset approximately $1.8 billion in equity outflows, including $1.0 billion in previously disclosed equity redemptions. Liquidity outflows totaled $8.9 billion for the quarter and included $20.0 billion in previously disclosed redemptions. AUM for the June quarter included a positive foreign exchange impact of approximately $1.6 billion.

LEGG MASON, INC. AND SUBSIDIARIES

Keywords for this news article include: Legg Mason Inc, Banking and Finance, Finance and Investment.

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Source: Investment Weekly News


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