Legg Mason January assets flat with December

Legg Mason Inc. said Thursday that its assets under management in January matched the December figure.

The Baltimore-based investment manager reported managed assets of $671.8 billion as of Jan. 31, flat compared with assets reported at the end of December.

Fixed-income investments slipped to $352.9 billion from $355.8 billion the previous month.

Managed assets in stocks edged up to $185.6 billion from $184.2 billion in the previous month.

Also slightly up were liquidity assets, such as money-market mutual funds, which rose to $133.3 billion from $131.8 billion.

Shares of Legg Mason were unchanged at $34.58 in afternoon trading.

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