Legg Mason Preliminary Assets Under Management Up - Quick Facts

(RTTNews) - Asset manager Legg Mason, Inc. (LM) Friday said its preliminary Assets Under Management as of June 30, 2014, totaled $704.3 billion, up from $644.5 billion in the previous year.

According to the company, AUM for the month of June included fixed income inflows of about $0.5 billion, equity outflows of nearly $0.2 billion and liquidity inflows of $9.6 billion. June AUM included a positive foreign exchange impact of approximately $1.0 billion.

For the first quarter, long-term inflows were about $0.7 billion due to approximately $2.5 billion of fixed income inflows, which more than offset around $1.8 billion in equity outflows, including $1.0 billion in previously disclosed equity redemptions.

Liquidity outflows were $8.9 billion for the quarter and included $20.0 billion in previously disclosed redemptions. AUM for the June quarter included a positive foreign exchange impact of approximately $1.6 billion.