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Legg Mason
(The Daily Record/Maximilian Franz)

Legg Mason’s assets up in July

Legg Mason Inc., the Baltimore-based asset manager, reported on Tuesday that assets under management in July were $693 billion, up 5.6 percent from $656.4 billion in July 2013.

Fixed income investments closed at $361.4 billion, an increase from last year’s $352.5 billion.

Managed assets in stocks this July totaled $191 billion versus $170.1 billion in the same month last year.

Liquid assets, such as money-market mutual funds, rose to $140.9 billion, up from the $133.8 billion reported in July 2013.

Month over month, AUM was down from $704.3 billion in June.

July’s AUM included the previously announced $5.4 billion of low fee redemptions.

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