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Legg Mason May AUM falls less than 1%

Jun. 12, 2018 8:29 AM ETLegg Mason, Inc. (LM) StockBy: Liz Kiesche, SA News Editor
  • Legg Mason (NYSE:LM) preliminary assets under management were $747.2B as of May 31, 2018, down 0.7% from $752.3B at the end of April.
  • Equity AUM of $207.0B vs $203.6B.
  • Fixed-income AUM of $414.6B vs $417.6B.
  • Liquidity AUM of $59.7B vs $65.3B
  • The month's AUM included net long-term outflows of $1.0B, driven by net outflows in equity of $0.6B and fixed income of $0.5B, partly offset by net inflows in alternative of $0.1B.
  • Liquidity net outflows were $5.4B; foreign exchange reduced May's AUM by $1.5B.
  • Source: Press Release
  • Previously: Legg Mason reports April AUM (May 10)

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Legg Mason, Inc.