Legg Mason reports assets under management of $673B as of April 30 This month's AUM reflected favorable markets including approximately $800M of positive foreign exchange, and solid long-term inflows. Long-term inflows were driven by significant fixed income inflows partially offset by modest equity outflows, includingB $1B in previously discussed equity redemptions. Liquidity AUM reflects approximately $20 billion in previously disclosed redemptions. Effective April 1, 2014, certain client assets previously reported as AUM have been reclassified as Assets Under Advisement. As a result of this change $12.4B of AUA are excluded for the month of April1.
Legg Mason reports preliminary December assets under management of $709.1B Legg Mason reported preliminary assets under management of $709.1B as of December 31, 2014. This month's AUM included preliminary long-term inflows of $1.7B, reflecting fixed income inflows of $3.0B which were partially offset by equity outflows of $1.3B. Liquidity inflows were $3.8B December AUM included a negative foreign exchange impact of $2.0B.