Subject: ACC
Legg Mason Reports Assets Under Management and Flows for August 2018
BALTIMORE, Sept. 14, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $751.8 billion as of August 31, 2018. This month's AUM included net long-term outflows of $1.4 billion, driven by net outflows in fixed income of $0.7 billion, equity of $0.6 billion, and alternatives of $0.1 billion. Fixed income flows included a previously disclosed $1.3 billion redemption. Liquidity net inflows were $2.9 billion and this month's AUM included a negative foreign exchange impact of $1.7 billion.
LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
Assets Under Management
Preliminary | ||||||||||||||||
By asset class: | August 2018 | July 2018 | June 2018 | March 2018 | December 2017 | September 2017 | ||||||||||
Equity | $ 215.7 | $ 212.1 | $ 206.4 | $ 203.0 | $ 207.6 | $ 201.2 | ||||||||||
Fixed Income | 409.5 | 413.1 | 412.3 | 422.3 | 420.1 | 411.9 | ||||||||||
Alternatives | 65.8 | 66.0 | 66.4 | 66.1 | 66.3 | 65.8 | ||||||||||
Long-Term Assets | $ 691.0 | $ 691.2 | $ 685.1 | $ 691.4 | $ 694.0 | $ 678.9 | ||||||||||
Liquidity | 60.8 | 58.0 | 59.5 | 62.7 | 73.2 | 75.5 | ||||||||||
Total | $ 751.8 | $ 749.2 | $ 744.6 | $ 754.1 | $ 767.2 | $ 754.4 | ||||||||||
About Legg Mason
Guided by a mission of Investing to Improve Lives,tm Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason's assets under management are $752 billion as of August 31, 2018. To learn more, visit our website, our newsroom, or follow us on LinkedIn, Twitter, or Facebook.
SOURCE Legg Mason, Inc.
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