Legg Mason Reports Assets Under Management and Flows for November 2017

BALTIMORE, Dec. 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $763 billion as of November 30, 2017. This month's AUM included long-term inflows of $0.1 billion, consisting of net inflows in fixed income of $1.4 billion, partially offset by net outflows in equity of $1.0 billion and in alternative of $0.3 billion.  Liquidity inflows were $1.9 billion and this month's AUM included a positive foreign exchange impact of $0.8 billion.

About Legg Mason
Legg Mason is a global asset management firm with $763 billion in assets under management as of November 30, 2017. 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 (symbol: LM).

* Effective April 1, 2017, Assets Under Management includes a transfer of certain assets which were previously included in Assets Under Advisement, principally retail separately managed account programs that operate and have fee rates comparable to programs managed on a fully discretionary basis. Comparable AUA for the quarters ended March 2017 and December 2016 were $16.0 billion and $13.7 billion respectively.

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SOURCE Legg Mason, Inc.