Legg Mason reports net long-term outflows of $900M in June

|About: Legg Mason Inc. (LM)|By:, SA News Editor

Legg Mason (NYSE:LM) preliminary assets under management  slips 1.3% to $744.6B as of June 30, 2018 from $754.1B in March 31, 2018.

June net outflows in equity of $1.4B were partly offset by net inflows in fixed income of $500M. Alternative flows were breakeven. Fixed-income inflows included a $1.0B low-fee subscription.

June AUM includes a negative foreign exchange impact of $2.0B

Source: Press Release

Previously: Legg Mason May AUM falls less than 1% (June 12)

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