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Legg’s assets under management improve

Legg Mason Inc. said total assets under management at the end of May 2013 were $654.3 billion, or nearly 4.3 percent higher than the $627.4 billion that the Baltimore-based global asset management firm reported in May 2012.

The May 2013 total was a miniscule 0.168 percent lower than the previous month’s total of $655.4 billion. Broken down into categories, the firm reported fixed-income investments of $362.8 billion, compared to $357.9 billion a year ago.

Equity investments in stocks were $166.2 billion versus $146.3 billion in May 2012. Liquid assets such as money market funds totaled $125.3 billion compared to $123.2 billion in the prior-year period.