Legg Mason Reports April Assets Under Management Of $706.8 Bln - Quick Facts

(RTTNews) - Legg Mason Inc. (LM) reported preliminary assets under management of $706.8 billion as of April 30, 2015, up from $702.7 billion as of March 31, 2015.

The latest-month's AUM included preliminary long-term inflows of $0.1 billion, driven by fixed income inflows of $1.0 billion. This was partially offset by equity outflows of $0.9 billion. Liquidity inflows were $0.2 billion.

April AUM included the previously disclosed $1.9 billion fixed income redemption, which was partially offset by $0.5 billion of equity inflows for a funding that had been expected in May. It also included a positive foreign exchange impact of $3.0 billion.