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Legg Mason sees assets under management rise

Legg Mason Inc. said total assets under management at the end of May 2014 were $686.1 billion, or 4.86 percent higher than the $654.3 billion that the Baltimore-based global asset management firm reported for May 2013.

The May 2014 total was approximately 1.9 percent higher than the previous month’s total of $673.2 billion.

Broken down into categories, the firm reported fixed-income investments of $364 billion, compared to $362.8 billion a year ago.

Equity investments in stocks were $190.3 billion versus $166.2 billion in May 2013.

Liquid assets such as money market funds totaled $131.8 billion versus $125.3 billion in the prior-year period.

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