Legg Mason Reports Assets Under Management and Flows For November 2016

BALTIMORE, Dec. 12, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $707.3 billion as of November 30, 2016. This month's AUM included long-term outflows of $2.8 billion, consisting of net outflows in equities of $1.6 billion, fixed income of $1.1 billion and alternatives¹ of $0.1 billion. The fixed income outflows included a $1.2 billion Global Sovereign client redemption. Liquidity outflows were $0.6 billion and this month's AUM included a negative foreign exchange impact of $4.6 billion.

About Legg Mason
Legg Mason is a global asset management firm with $707 billion in assets under management as of November 30, 2016. 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).

¹ Alternative assets include all AUM managed by Clarion Partners, EnTrustPermal, RARE Infrastructure and Glouston Capital (formerly Permal Capital Management).

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SOURCE Legg Mason, Inc.