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Legg Mason Reports AUM Of $744.6 Bln As Of June 30

Legg Mason Inc. (LM) reported preliminary assets under management of $744.6 billion as of June 30, 2018. The AUM included net long-term outflows of $0.9 billion, driven by net outflows in equity of $1.4 billion, partially offset by net inflows in fixed income of $0.5 billion. Alternative flows were break-even.

Fixed income inflows included a $1.0 billion low-fee subscription. Alternative AUM reflects $0.1 billion of realizations. Liquidity net outflows were $0.2 billion and this month's AUM included a negative foreign exchange impact of $2.0 billion.

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