Legg’s assets increased in June
Posted: 1:36 pm Wed, July 13, 2011
Legg Mason Inc. of Baltimore, a global asset manager, said its assets under management rose in June to $662.5 billion, up 2.6 percent from the $645.4 billion recorded in June 2010. Fixed-income investments closed at $365.4 billion, an increase of $7.5 billion over the June 2010 figure of $357.9 billion. Managed assets in stocks rose significantly to $546.9 billion, up from $513.7 billion invested in the prior year. However, liquid assets, such as money-market mutual funds, fell to $115.6 billion, down from $131.7 billion recorded in June 2010.