Please ensure Javascript is enabled for purposes of website accessibility

Legg reports managed assets up in April

Legg Mason Inc. reported assets under management in April 2013 totaled $655.4 billion, a 2.5 percent increase over the $639.3 billion that the company reported in April 2012.

Month to month, April’s total was 1.38 percent lower than the $664.6 billion that was reported in March 2013. Breaking down the April figure into categories, the Baltimore-based asset management company said fixed-income assets totaled $371.3 billion, up from $359.6 billion recorded in April 2012.

Equity investments in stocks rose to $162.8 billion, up from $159.4 billion reported a year earlier. Liquid assets, such as money market funds, totaled $121.3 billion, compared to $120.3 billion reported in April 2012.