Legg Mason Inc (LM) 54.51 $LM
Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Director
Business Wire - Tue Dec 23, 7:00AM CST
ClearBridge American Energy MLP Fund Inc. (NYSE:CBA), ClearBridge Energy MLP Fund Inc. (NYSE:CEM), ClearBridge Energy MLP Opportunity Fund Inc. (NYSE:EMO), ClearBridge Energy MLP Total Return Fund Inc. (NYSE:CTR), Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG), LMP Capital and Income Fund Inc. (NYSE:SCD), LMP Corporate Loan Fund Inc. (NYSE:TLI), LMP Real Estate Income Fund Inc. (NYSE:RIT), Permal Hedge Strategies Fund I, Permal Hedge Strategies Fund II, Permal Hedge Strategies Portfolio, Western Asset Emerging Markets Debt Fund Inc. (NYSE:ESD), Western Asset Emerging Markets Income Fund Inc. (NYSE:EMD), Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO), Western Asset Global High Income Fund Inc. (NYSE:EHI), Western Asset Global Partners Income Fund Inc. (NYSE:GDF), Western Asset High Income Fund II Inc. (NYSE:HIX), Western Asset High Income Opportunity Fund Inc. (NYSE:HIO), Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI), Western Asset Intermediate Muni Fund Inc. (NYSE:SBI), Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI), Western Asset Managed High Income Fund Inc. (NYSE:MHY), Western Asset Managed Municipals Fund Inc. (NYSE:MMU), Western Asset Middle Market Debt Fund Inc., Western Asset Middle Market Income Inc., Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE
MO), Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:MTT), Western Asset Municipal High Income Fund Inc. (NYSE:MHF), Western Asset Municipal Partners Fund Inc. (NYSE:MNP), Western Asset Variable Rate Strategic Fund Inc. (NYSE:GFY), and Western Asset Worldwide Income Fund Inc. (NYSE:SBW), (together, the "Funds"
TLI: 11.22 (+0.06), ESD: 15.70 (+0.04), LM: 54.51 (-0.30), SBI: 9.69 (-0.01), EHI: 11.06 (+0.02), GDF: 9.60 (+0.01), GDO: 17.51 (-0.08), MMU: 13.39 (+0.05), GFY: 16.72 (+0.05), RIT: 12.51 (+0.04), EMD: 11.03 (+0.09), IGI: 21.09 (+0.11), MNP: 14.90 (+0.06), EMO: 23.65 (+0.22), SCD: 16.82 (-0.01), HIO: 5.36 (+0.01), CBA: 16.07 (+0.08), DMO: 24.77 (-0.02), MHF: 7.53 (+0.06), BWG: 16.65 (+0.14), HYI: 15.73 (unch), CEM: 26.87 (+0.34), MTT: 23.27 (+0.01), MHY: 5.12 (-0.01), SBW: 11.31 (+0.05), CTR: 21.30 (-0.06), HIX: 8.00 (+0.01)
Is A Dividend Cut The End Of The World? Analysis Of Dividend-Cutting Companies, Part I
On2Freedom - at Seeking Alpha - Wed Dec 17, 5:04PM CST
KOF: 88.19 (-0.45), RF: 10.67 (+0.01), BBT: 39.11 (-0.13), LM: 54.51 (-0.30), DX: 8.53 (-0.03), GEF.B: 48.75 (-0.45), PGR: 26.92 (-0.05), ONB: 14.82 (-0.07), KGC: 2.70 (+0.11), CHEV: 13.70 (-0.18), EOC: 44.91 (+0.22), ORRF: 16.40 (-0.26), NPBC: 10.46 (-0.09), AVP: 9.22 (-0.07), STT: 80.07 (-0.26), PBI: 25.22 (+0.07), BWP: 17.53 (-0.14), PFE: 31.42 (-0.03), OFC: 28.63 (-0.28), ASBC: 18.42 (+0.12), LNC: 58.58 (-0.10), HCBK: 10.18 (-0.07), LZB: 26.55 (+0.06), STBA: 29.69 (-0.15), PEBO: 25.99 (-0.11), AZN: 70.44 (+0.26), STI: 42.43 (-0.18), MCD: 93.83 (-0.39), CVX: 113.47 (-0.48), FULT: 12.40 (-0.12), NE: 17.05 (-0.56), CEQP: 7.03 (-0.18), GE: 25.83 (-0.05), INFY: 31.74 (-0.31), KEY: 14.01 (-0.05), FNB: 13.22 (-0.10), LSBK: 13.50 (unch), JNJ: 104.59 (+0.31), KIM: 25.78 (-0.06), ACI: 1.78 (+0.01), SNP: 80.74 (-0.60), CHL: 59.15 (-0.02), SNV: 26.83 (-0.05), AVY: 52.15 (-0.08), SUSQ: 13.43 (+0.01), CMA: 46.60 (+0.13), HBOS: 25.74 (+0.06), KO: 42.94 (-0.03), FITB: 20.59 (+0.01), SVU: 9.71 (+0.01), GTY: 18.13 (-0.08), BAC: 17.98 (+0.05), NPK: 58.35 (-1.07), MAS: 25.17 (-0.14), IRET: 8.46 (-0.11), GCI: 31.68 (-0.20), CEO: 135.38 (-1.31), FUN: 47.85 (+0.44), PG: 93.14 (-0.15)
Board Approves New Investment Advisory Agreement for Royce Focus Trust (Nasdaq: FUND)
PR Newswire - Wed Dec 17, 3:15PM CST
The Board of Directors for Royce Focus Trust (FUND) has approved a new investment advisory agreement with Sprott Asset Management, a Toronto-based alternative asset manager, subject to stockholder approval. The Fund expects to hold a Special Meeting of stockholders to approve the new agreement during the first calendar quarter of 2015.
LM: 54.51 (-0.30), FUND: 7.38 (unch)
Consider the Source: Asset Managers Seen a Better Bet Than Funds
at The Street - Wed Dec 17, 11:32AM CST
The big asset management companies often get much better returns than the funds they sell.
TROW: 87.34 (-0.25), BLK: 363.67 (-0.54), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Low U.S. Treasury Bond Returns Turning Fixed Income Investors' Eyes Overseas
PR Newswire - Tue Dec 16, 8:00AM CST
With U.S. Treasury bonds offering safety but low returns, many fixed income investors are turning to other markets in pursuit of greater gains. Leaving the safety of a slow but steadily growing U.S. economy can mean taking on more risk, but the premiums offered by bonds in countries with wobbly economies can be worth it. The markets and securities must be well chosen, however, and hedging currency or interest rate risk may be necessary to benefit from the best credit opportunities outside the U.S.
LM: 54.51 (-0.30)
Legg Mason Affiliates Believe 2015 Should Provide Ample Opportunities In US And Global Markets - But The Details Will Matter
PR Newswire - Tue Dec 16, 8:00AM CST
Looking back on 2014 as year-end approaches, and looking forward to 2015, the affiliates of global asset manager Legg Mason offer a diversity of forecasts for the prospects of the world's financial markets. Some markets may rise, some fall, but the overall outlook suggests 2015 should be another good year.
LM: 54.51 (-0.30)
The Zacks Analyst Blog Highlights: BlackRock, Legg Mason, Franklin Resources and Invesco
PR Newswire - Mon Dec 15, 8:30AM CST
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the BlackRock, Inc. (NYSE:BLK-Free Report), Legg Mason Inc. (NYSE:LM-Free Report), Franklin Resources Inc. (NYSE:BEN-Free Report) and Invesco Ltd. (NYSE:IVZ-Free Report).
LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Will SEC Initiatives Curb Asset Managers' Growth? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 12, 1:50PM CST
The Securities and Exchange Commission (SEC) has come up with three major initiatives with the aim to better monitor associated risks in the $63 trillion asset management industry and to protect investors from any further crisis.
BLK: 363.67 (-0.54), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Legg Mason's (LM) November AUM Down 1.7% Sequentially - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Dec 11, 3:55PM CST
Legg Mason Inc. (LM) reported a decline in its assets under management (AUM) as of Nov 30, 2014, as compared with the prior month.
MRCC: 14.14 (-0.25), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Western Asset CIO Continues To Be Moderately Optimistic About Prospects For Global Economic Growth
PR Newswire - Thu Dec 11, 1:00PM CST
In his latest webcast on the prospects for worldwide fixed-income markets, S. Kenneth Leech, Chief Investment Officer of Western Asset Management, a Legg Mason affiliate, made the case that weak global economies continue to make forecasting difficult.
LM: 54.51 (-0.30)
Legg Mason AUM slips from October
Seeking Alpha - at Seeking Alpha - Wed Dec 10, 10:23AM CST
LM: 54.51 (-0.30)
Invesco's November AUM Rises 1.7% on Improved Inflows - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 10, 10:00AM CST
Invesco reported a 1.7% increase in preliminary month-end AUM for Nov 2014. The rise was driven by favorable market returns, net inflows in the Invesco PowerShares QQQ and net long-term inflows.
IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
Legg Mason Reports Assets Under Management and Flows For November 2014
PR Newswire - Wed Dec 10, 6:58AM CST
Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $707.4 billion as of November 30, 2014. This month's AUM included long-term inflows of $0.8 billion, reflecting fixed income inflows of approximately $1.7 billion, which were partially offset by equity outflows of approximately $0.9 billion. Long-term flows reflected approximately $1.2 billion in fixed income outflows related to currency and interest rate movements impacting Japan, as well as approximately $0.4 billion in deal-related equity redemptions at Martin Currie. Liquidity outflows were approximately $4.9 billion. November AUM included a negative foreign exchange impact of approximately $3.3 billion and also reflected approximately $9.5 billion in lower AUM related to the Legg Mason Investment Counsel sale which closed on November 10, 2014.
LM: 54.51 (-0.30)
Franklin November AUM Ascends, Equity & Hybrid Assets Rise - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Dec 09, 3:00PM CST
Franklin Resources Inc. (BEN) declared preliminary assets under management (AUM) of $899.5 billion by its subsidiaries for Nov 2014. The company's results exhibited a slight rise from $898.4 billion as of Oct 31, 2014.
IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
ClearBridge Investments Encouraged By Opportunities In Global Small Cap Equity Markets
PR Newswire - Mon Dec 08, 8:00AM CST
In a Masterclass segment focused on international investing on Asset TV, Paul Ehrlichman, the head of Legg Mason affiliate ClearBridge Investment's global value equity team, forecasts strong growth ahead for international small cap equity markets. His optimism is tempered by a need to exercise care in market and security selection.
LM: 54.51 (-0.30)
Barclays launches coverage of asset managers
Seeking Alpha - at Seeking Alpha - Thu Dec 04, 9:19AM CST
OAK: 51.28 (-0.30), CG: 26.90 (-0.39), BX: 34.01 (+0.05), BLK: 363.67 (-0.54), TROW: 87.34 (-0.25), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
Defined Benefit Pension Plans Must Manage Short-Term Risks
PR Newswire - Thu Dec 04, 8:00AM CST
The first task of any long-term investor is to survive in the short term. For a defined benefit (DB) pension plan to have a high probability of succeeding long term, it has to think about more than long-run returns. It must manage short-term risks - or risk insolvency.
LM: 54.51 (-0.30)
Jim Cramer's 6 Best Stock Picks in the Financial Services Sector
at The Street - Thu Dec 04, 7:15AM CST
Jim Cramer is steering clear of investing in bank stocks, but he does see opportunity in other financial services stocks.
V: 267.63 (+2.37), BLK: 363.67 (-0.54), DNB: 122.87 (-0.21), JNS: 16.38 (+0.38), LM: 54.51 (-0.30), MA: 87.77 (+0.14)
Mobile Apps for Fund Management 2014: A Critical Channel to Reach Investors
M2 - Thu Dec 04, 4:17AM CST
Research and Markets (http://www.researchandmarkets.com/research/55gd4m/mobile_apps_for) has announced the addition of the "Mobile Apps for Fund Management 2014: A Critical Channel to Reach Investors" report to their offering. This 158-page report tells you all you need to know to develop, optimize and implement a winning fund management app strategy. Our research team of technology and industry experts performed a detailed analysis of the strengths and weaknesses of the mobile apps of 20 leading fund managers worldwide. (See below for a list of analyzed fund managers.) Our report provides an assessment and recommendations for the mobile app offerings of each fund manager evaluated and for the fund management industry as a whole. The report benchmarks the mobile apps offered by each fund manager based on 28 criteria grouped into nine main categories of evaluation: availability of mobile apps; core functions; availability of information; support features for clients; communication; integration with other online media; user friendliness; security and best practices. Based on this thorough, data-driven analysis, the report derives best practices and provides strategic and practical recommendations for creating mobile apps that can engage both existing and new investors. Main Content: - Which companies are the real mobile leaders in the fund management industry and which individual app features most deserve recognition as best practices - Benchmarking and ranking of the mobile applications of 20 leading fund managers worldwide based on 28 criteria - 20 comprehensive profiles of app strategies and app portfolios of the leading fund managers, including recommendations for each company - 17 Best Practices for following features: availability of apps, innovative add-ons, security, marketing and customer retention, contact features, technical features and support, navigation and interaction - Overall findings with regard to most serious shortcomings and most promising opportunities - Recommendations on how a winning fund managers?mobile applications strategy should look - Data-appendix of 20 pages containing detailed evaluations by bank according to 28 criteria Companies Mentioned - Amp Capital - Barings - Cm-Cic Asset Management - Db-X Trading & Investments - Deawm Active: Funds App - Fidelity Investments - Franklin Templeton Investments - Henderson Global Funds - Ing Fondsen - Insights By Jp Morgan Asset Management - Invesco - Ishares By Blackrock - Legg Mason - Natixis Opcvm - Nordea 1 Fund - Nuveen Investments - Pictet Asset Management - Pimco - T. Rowe Price Investor? Magazine - Ubs - Vanguard For more information visit http://www.researchandmarkets.com/research/55...e_apps_for
LM: 54.51 (-0.30)
Legg Mason Teams Up with HB&T to Offer Roadmap Funds - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 03, 3:55PM CST
Legg Mason (LM) has launched nine collective retirement investment funds.
MRCC: 14.14 (-0.25), LM: 54.51 (-0.30), KKR: 23.14 (+0.24)
Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Director
Business Wire - Tue Dec 23, 7:00AM CST
ClearBridge American Energy MLP Fund Inc. (NYSE:CBA), ClearBridge Energy MLP Fund Inc. (NYSE:CEM), ClearBridge Energy MLP Opportunity Fund Inc. (NYSE:EMO), ClearBridge Energy MLP Total Return Fund Inc. (NYSE:CTR), Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG), LMP Capital and Income Fund Inc. (NYSE:SCD), LMP Corporate Loan Fund Inc. (NYSE:TLI), LMP Real Estate Income Fund Inc. (NYSE:RIT), Permal Hedge Strategies Fund I, Permal Hedge Strategies Fund II, Permal Hedge Strategies Portfolio, Western Asset Emerging Markets Debt Fund Inc. (NYSE:ESD), Western Asset Emerging Markets Income Fund Inc. (NYSE:EMD), Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO), Western Asset Global High Income Fund Inc. (NYSE:EHI), Western Asset Global Partners Income Fund Inc. (NYSE:GDF), Western Asset High Income Fund II Inc. (NYSE:HIX), Western Asset High Income Opportunity Fund Inc. (NYSE:HIO), Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI), Western Asset Intermediate Muni Fund Inc. (NYSE:SBI), Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI), Western Asset Managed High Income Fund Inc. (NYSE:MHY), Western Asset Managed Municipals Fund Inc. (NYSE:MMU), Western Asset Middle Market Debt Fund Inc., Western Asset Middle Market Income Inc., Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE
MO), Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:MTT), Western Asset Municipal High Income Fund Inc. (NYSE:MHF), Western Asset Municipal Partners Fund Inc. (NYSE:MNP), Western Asset Variable Rate Strategic Fund Inc. (NYSE:GFY), and Western Asset Worldwide Income Fund Inc. (NYSE:SBW), (together, the "Funds" TLI: 11.22 (+0.06), ESD: 15.70 (+0.04), LM: 54.51 (-0.30), SBI: 9.69 (-0.01), EHI: 11.06 (+0.02), GDF: 9.60 (+0.01), GDO: 17.51 (-0.08), MMU: 13.39 (+0.05), GFY: 16.72 (+0.05), RIT: 12.51 (+0.04), EMD: 11.03 (+0.09), IGI: 21.09 (+0.11), MNP: 14.90 (+0.06), EMO: 23.65 (+0.22), SCD: 16.82 (-0.01), HIO: 5.36 (+0.01), CBA: 16.07 (+0.08), DMO: 24.77 (-0.02), MHF: 7.53 (+0.06), BWG: 16.65 (+0.14), HYI: 15.73 (unch), CEM: 26.87 (+0.34), MTT: 23.27 (+0.01), MHY: 5.12 (-0.01), SBW: 11.31 (+0.05), CTR: 21.30 (-0.06), HIX: 8.00 (+0.01)
Is A Dividend Cut The End Of The World? Analysis Of Dividend-Cutting Companies, Part I
On2Freedom - at Seeking Alpha - Wed Dec 17, 5:04PM CST
KOF: 88.19 (-0.45), RF: 10.67 (+0.01), BBT: 39.11 (-0.13), LM: 54.51 (-0.30), DX: 8.53 (-0.03), GEF.B: 48.75 (-0.45), PGR: 26.92 (-0.05), ONB: 14.82 (-0.07), KGC: 2.70 (+0.11), CHEV: 13.70 (-0.18), EOC: 44.91 (+0.22), ORRF: 16.40 (-0.26), NPBC: 10.46 (-0.09), AVP: 9.22 (-0.07), STT: 80.07 (-0.26), PBI: 25.22 (+0.07), BWP: 17.53 (-0.14), PFE: 31.42 (-0.03), OFC: 28.63 (-0.28), ASBC: 18.42 (+0.12), LNC: 58.58 (-0.10), HCBK: 10.18 (-0.07), LZB: 26.55 (+0.06), STBA: 29.69 (-0.15), PEBO: 25.99 (-0.11), AZN: 70.44 (+0.26), STI: 42.43 (-0.18), MCD: 93.83 (-0.39), CVX: 113.47 (-0.48), FULT: 12.40 (-0.12), NE: 17.05 (-0.56), CEQP: 7.03 (-0.18), GE: 25.83 (-0.05), INFY: 31.74 (-0.31), KEY: 14.01 (-0.05), FNB: 13.22 (-0.10), LSBK: 13.50 (unch), JNJ: 104.59 (+0.31), KIM: 25.78 (-0.06), ACI: 1.78 (+0.01), SNP: 80.74 (-0.60), CHL: 59.15 (-0.02), SNV: 26.83 (-0.05), AVY: 52.15 (-0.08), SUSQ: 13.43 (+0.01), CMA: 46.60 (+0.13), HBOS: 25.74 (+0.06), KO: 42.94 (-0.03), FITB: 20.59 (+0.01), SVU: 9.71 (+0.01), GTY: 18.13 (-0.08), BAC: 17.98 (+0.05), NPK: 58.35 (-1.07), MAS: 25.17 (-0.14), IRET: 8.46 (-0.11), GCI: 31.68 (-0.20), CEO: 135.38 (-1.31), FUN: 47.85 (+0.44), PG: 93.14 (-0.15)
Board Approves New Investment Advisory Agreement for Royce Focus Trust (Nasdaq: FUND)
PR Newswire - Wed Dec 17, 3:15PM CST
The Board of Directors for Royce Focus Trust (FUND) has approved a new investment advisory agreement with Sprott Asset Management, a Toronto-based alternative asset manager, subject to stockholder approval. The Fund expects to hold a Special Meeting of stockholders to approve the new agreement during the first calendar quarter of 2015.
LM: 54.51 (-0.30), FUND: 7.38 (unch)
Consider the Source: Asset Managers Seen a Better Bet Than Funds
at The Street - Wed Dec 17, 11:32AM CST
The big asset management companies often get much better returns than the funds they sell.
TROW: 87.34 (-0.25), BLK: 363.67 (-0.54), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Low U.S. Treasury Bond Returns Turning Fixed Income Investors' Eyes Overseas
PR Newswire - Tue Dec 16, 8:00AM CST
With U.S. Treasury bonds offering safety but low returns, many fixed income investors are turning to other markets in pursuit of greater gains. Leaving the safety of a slow but steadily growing U.S. economy can mean taking on more risk, but the premiums offered by bonds in countries with wobbly economies can be worth it. The markets and securities must be well chosen, however, and hedging currency or interest rate risk may be necessary to benefit from the best credit opportunities outside the U.S.
LM: 54.51 (-0.30)
Legg Mason Affiliates Believe 2015 Should Provide Ample Opportunities In US And Global Markets - But The Details Will Matter
PR Newswire - Tue Dec 16, 8:00AM CST
Looking back on 2014 as year-end approaches, and looking forward to 2015, the affiliates of global asset manager Legg Mason offer a diversity of forecasts for the prospects of the world's financial markets. Some markets may rise, some fall, but the overall outlook suggests 2015 should be another good year.
LM: 54.51 (-0.30)
The Zacks Analyst Blog Highlights: BlackRock, Legg Mason, Franklin Resources and Invesco
PR Newswire - Mon Dec 15, 8:30AM CST
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the BlackRock, Inc. (NYSE:BLK-Free Report), Legg Mason Inc. (NYSE:LM-Free Report), Franklin Resources Inc. (NYSE:BEN-Free Report) and Invesco Ltd. (NYSE:IVZ-Free Report).
LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Will SEC Initiatives Curb Asset Managers' Growth? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Dec 12, 1:50PM CST
The Securities and Exchange Commission (SEC) has come up with three major initiatives with the aim to better monitor associated risks in the $63 trillion asset management industry and to protect investors from any further crisis.
BLK: 363.67 (-0.54), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Legg Mason's (LM) November AUM Down 1.7% Sequentially - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Dec 11, 3:55PM CST
Legg Mason Inc. (LM) reported a decline in its assets under management (AUM) as of Nov 30, 2014, as compared with the prior month.
MRCC: 14.14 (-0.25), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), BEN: 56.99 (-0.14)
Western Asset CIO Continues To Be Moderately Optimistic About Prospects For Global Economic Growth
PR Newswire - Thu Dec 11, 1:00PM CST
In his latest webcast on the prospects for worldwide fixed-income markets, S. Kenneth Leech, Chief Investment Officer of Western Asset Management, a Legg Mason affiliate, made the case that weak global economies continue to make forecasting difficult.
LM: 54.51 (-0.30)
Legg Mason AUM slips from October
Seeking Alpha - at Seeking Alpha - Wed Dec 10, 10:23AM CST
LM: 54.51 (-0.30)
Invesco's November AUM Rises 1.7% on Improved Inflows - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 10, 10:00AM CST
Invesco reported a 1.7% increase in preliminary month-end AUM for Nov 2014. The rise was driven by favorable market returns, net inflows in the Invesco PowerShares QQQ and net long-term inflows.
IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
Legg Mason Reports Assets Under Management and Flows For November 2014
PR Newswire - Wed Dec 10, 6:58AM CST
Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $707.4 billion as of November 30, 2014. This month's AUM included long-term inflows of $0.8 billion, reflecting fixed income inflows of approximately $1.7 billion, which were partially offset by equity outflows of approximately $0.9 billion. Long-term flows reflected approximately $1.2 billion in fixed income outflows related to currency and interest rate movements impacting Japan, as well as approximately $0.4 billion in deal-related equity redemptions at Martin Currie. Liquidity outflows were approximately $4.9 billion. November AUM included a negative foreign exchange impact of approximately $3.3 billion and also reflected approximately $9.5 billion in lower AUM related to the Legg Mason Investment Counsel sale which closed on November 10, 2014.
LM: 54.51 (-0.30)
Franklin November AUM Ascends, Equity & Hybrid Assets Rise - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Dec 09, 3:00PM CST
Franklin Resources Inc. (BEN) declared preliminary assets under management (AUM) of $899.5 billion by its subsidiaries for Nov 2014. The company's results exhibited a slight rise from $898.4 billion as of Oct 31, 2014.
IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
ClearBridge Investments Encouraged By Opportunities In Global Small Cap Equity Markets
PR Newswire - Mon Dec 08, 8:00AM CST
In a Masterclass segment focused on international investing on Asset TV, Paul Ehrlichman, the head of Legg Mason affiliate ClearBridge Investment's global value equity team, forecasts strong growth ahead for international small cap equity markets. His optimism is tempered by a need to exercise care in market and security selection.
LM: 54.51 (-0.30)
Barclays launches coverage of asset managers
Seeking Alpha - at Seeking Alpha - Thu Dec 04, 9:19AM CST
OAK: 51.28 (-0.30), CG: 26.90 (-0.39), BX: 34.01 (+0.05), BLK: 363.67 (-0.54), TROW: 87.34 (-0.25), IVZ: 40.37 (-0.16), LM: 54.51 (-0.30), KKR: 23.14 (+0.24), BEN: 56.99 (-0.14)
Defined Benefit Pension Plans Must Manage Short-Term Risks
PR Newswire - Thu Dec 04, 8:00AM CST
The first task of any long-term investor is to survive in the short term. For a defined benefit (DB) pension plan to have a high probability of succeeding long term, it has to think about more than long-run returns. It must manage short-term risks - or risk insolvency.
LM: 54.51 (-0.30)
Jim Cramer's 6 Best Stock Picks in the Financial Services Sector
at The Street - Thu Dec 04, 7:15AM CST
Jim Cramer is steering clear of investing in bank stocks, but he does see opportunity in other financial services stocks.
V: 267.63 (+2.37), BLK: 363.67 (-0.54), DNB: 122.87 (-0.21), JNS: 16.38 (+0.38), LM: 54.51 (-0.30), MA: 87.77 (+0.14)
Mobile Apps for Fund Management 2014: A Critical Channel to Reach Investors
M2 - Thu Dec 04, 4:17AM CST
Research and Markets (http://www.researchandmarkets.com/research/55gd4m/mobile_apps_for) has announced the addition of the "Mobile Apps for Fund Management 2014: A Critical Channel to Reach Investors" report to their offering. This 158-page report tells you all you need to know to develop, optimize and implement a winning fund management app strategy. Our research team of technology and industry experts performed a detailed analysis of the strengths and weaknesses of the mobile apps of 20 leading fund managers worldwide. (See below for a list of analyzed fund managers.) Our report provides an assessment and recommendations for the mobile app offerings of each fund manager evaluated and for the fund management industry as a whole. The report benchmarks the mobile apps offered by each fund manager based on 28 criteria grouped into nine main categories of evaluation: availability of mobile apps; core functions; availability of information; support features for clients; communication; integration with other online media; user friendliness; security and best practices. Based on this thorough, data-driven analysis, the report derives best practices and provides strategic and practical recommendations for creating mobile apps that can engage both existing and new investors. Main Content: - Which companies are the real mobile leaders in the fund management industry and which individual app features most deserve recognition as best practices - Benchmarking and ranking of the mobile applications of 20 leading fund managers worldwide based on 28 criteria - 20 comprehensive profiles of app strategies and app portfolios of the leading fund managers, including recommendations for each company - 17 Best Practices for following features: availability of apps, innovative add-ons, security, marketing and customer retention, contact features, technical features and support, navigation and interaction - Overall findings with regard to most serious shortcomings and most promising opportunities - Recommendations on how a winning fund managers?mobile applications strategy should look - Data-appendix of 20 pages containing detailed evaluations by bank according to 28 criteria Companies Mentioned - Amp Capital - Barings - Cm-Cic Asset Management - Db-X Trading & Investments - Deawm Active: Funds App - Fidelity Investments - Franklin Templeton Investments - Henderson Global Funds - Ing Fondsen - Insights By Jp Morgan Asset Management - Invesco - Ishares By Blackrock - Legg Mason - Natixis Opcvm - Nordea 1 Fund - Nuveen Investments - Pictet Asset Management - Pimco - T. Rowe Price Investor? Magazine - Ubs - Vanguard For more information visit http://www.researchandmarkets.com/research/55...e_apps_for
LM: 54.51 (-0.30)
Legg Mason Teams Up with HB&T to Offer Roadmap Funds - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Dec 03, 3:55PM CST
Legg Mason (LM) has launched nine collective retirement investment funds.
MRCC: 14.14 (-0.25), LM: 54.51 (-0.30), KKR: 23.14 (+0.24)
