Legg Mason Reports Assets Under Management and Flows For July 2014

BALTIMORE, Aug. 12, 2014 /PRNewswire/ -- Legg Mason, Inc. LM reported preliminary assets under management of $693 billion as of July 31, 2014. This month's AUM included fixed income outflows of approximately $3.8 billion, which included the previously announced $5.4 billion of low fee redemptions. Equity outflows were approximately $0.4 billion and liquidity outflows were $0.6 billion. July AUM included a negative foreign exchange impact of approximately $1.7 billion.

¹ 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 $11.5 billion of AUA in July 2014, are excluded from the table above.  Included in the table above is $12.6 billion in fixed income AUM in March 2014, $13.9 billion in December 2013 and $15.1 billion in September 2013 related to the low fee sovereign mandate that has been reclassified as Assets Under Advisement (AUA).

Outflows related to the low fee sovereign mandate, which are excluded from long-term net flows, were $0.3 billion in the month of July.

About Legg Mason
Legg Mason is a global asset management firm with $693 billion in assets under management as of July 31, 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.