Legg Mason Reports November AuM Of $675 Bln - Quick Facts

(RTTNews) - Legg Mason Inc. (LM) reported preliminary assets under management of $675 billion as of November 30, 2013. The company said in last month that preliminary assets under management were $670 billion as of October 31, 2013.

The company noted that November total AUM increased from October due to positive liquidity and long-term flows.

The positive long-term flows were driven by equity inflows and slight fixed income inflows. Favorable equity market appreciation was more than offset by negative foreign exchange of approximately $2.5 billion and negative fixed income market performance.