Legg Mason Reports Assets Under Management For April 2014

BALTIMORE, May 12, 2014 /PRNewswire/ -- Legg Mason, Inc. LM reported preliminary assets under management of $673 billion as of April 30, 2014. This month's AUM reflected favorable markets including approximately $800 million of positive foreign exchange, and solid long-term inflows. Long-term inflows were driven by significant fixed income inflows partially offset by modest equity outflows, including approximately $1 billion in previously discussed equity redemptions. Liquidity AUM reflects approximately $20 billion in previously disclosed redemptions. Effective April 1, 2014, certain client assets previously reported as AUM have been reclassified as Assets Under Advisement (AUA). As a result of this change $12.4 billion of AUA are excluded from the table below for the month of April¹.

LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)

Assets Under Management

			Preliminary	Quarters Ended
By asset class:			April	March 2014	December 2013	September 2013	June 2013
	Equity		$ 184.3	$ 186.4	$ 182.5	$ 169.5	$ 164.4
	Fixed Income¹		358.1	365.2	355.6	355.0	351.0
		Long-Term Assets	542.4	551.6	538.1	524.5	515.4
	Liquidity		130.8	150.2	141.4	131.5	129.1
		Total	$ 673.2	$ 701.8	$ 679.5	$ 656.0	$ 644.5
¹ Includes $12.6 billion in fixed income AUM in March 2014, $13.9 billion in December 2013, $15.1 billion in September 2013 and $15.6 billion in June 2013 related to the low fee sovereign mandate that has been reclassified as Assets Under Advisement (AUA) effective April 1, 2014.

About Legg Mason

Legg Mason is a global asset management firm with $673 billion in assets under management as of April 30, 2014. 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 LM.

SOURCE Legg Mason, Inc.

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