Market Overview

Legg Mason Reports $3.9 Billion Of Long-Term Net Outflows

Share:

Shares of Legg Mason Inc (NYSE: LM) hit a new 52-week low of $33.59 on Wednesday after the company reported its December 2015 assets under management.

Legg Mason noted that its preliminary assets under management of $671.5 billion as of the end of December includes preliminary long-term net outflows of $3.9 billion. The company added that the breakdown consisted of fixed income outflows of $1.5 billion and equity outflows of $2.4 billion.

Legg Mason also stated that its liquidity outflows were $8.7 billion and its December's assets under management figure included a positive impact of $0.4 billion from foreign exchange rates.

Posted-In: Asset Managers assets under management Legg MasonNews Intraday Update Movers

 

Related Articles (LM)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Dicks Sporting Goods Partners With First Insight To 'Make Faster And More Accurate' Buying And Pricing Decisions

Full Beige Book Text For January 13th 2016