Franklin Resources, Inc. Announces Month-End Assets Under Management
10 April 2024 - 10:32AM
Business Wire
Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today
reported preliminary month-end assets under management (AUM) of
$1.64 trillion at March 31, 2024, compared to $1.62 trillion at
February 29, 2024. This month's increase in AUM reflected the
impact of positive markets and long-term net inflows inclusive of
$8.1 billion related to Great-West Lifeco.
For the quarter ended March 31, 2024, AUM reflected the positive
impact of markets and long-term net inflows of $6.9 billion
inclusive of $13.6 billion related to Great-West Lifeco, partially
offset by a fixed income institutional client redemption of $2.0
billion.
By Asset Class:
(In USD billions)
Preliminary
31-Mar-24
29-Feb-24
31-Dec-23
30-Sep-23
31-Mar-23
Equity
$592.7
$572.8
$467.5
$430.4
$437.1
Fixed Income
$571.4
564.3
511.7
483.1
510.1
Alternative
$255.5
256.4
256.2
254.9
258.2
Multi-Asset
$163.4
162.5
154.6
145.0
146.1
Long Term:
1,583.0
1,556.0
1,390.0
1,313.4
1,351.5
Cash Management
61.7
66.3
65.5
60.8
70.6
Total
$1,644.7
$1,622.3
$1,455.5
$1,374.2
$1,422.1
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 150 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives and
multi-asset solutions. With more than 1,400 investment
professionals, and offices in major financial markets around the
world, the California-based company has over 75 years of investment
experience. The company posts information that may be significant
for investors in the Investor Relations and News Center sections of
its website and encourages investors to consult those sections
regularly. For more information, please visit
investors.franklinresources.com.
Forward-Looking Statements
The financial results in this press release are preliminary.
Some of the statements herein may include forward-looking
statements that reflect our current views with respect to future
events, financial performance and market conditions. Such
statements are provided under the “safe harbor” protection of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that do not relate solely to
historical or current facts and generally can be identified by
words or phrases written in the future tense and/or preceded by
words such as “anticipate,” “believe,” “could,” “depends,”
“estimate,” “expect,” “intend,” “likely,” “may,” “plan,”
“potential,” “preliminary,” “seek,” “should,” “will,” “would,” or
other - similar words or variations thereof, or the negative
thereof, but these terms are not the exclusive means of identifying
such statements.
Forward-looking statements involve a number of known and unknown
risks, uncertainties and other important factors that may cause
actual results and outcomes to differ materially from any future
results or outcomes expressed or implied by such forward-looking
statements, including market and volatility risks, investment
performance and reputational risks, global operational risks,
competition and distribution risks, third-party risks, technology
and security risks, human capital risks, cash management risks, and
legal and regulatory risks. While forward-looking statements are
our best prediction at the time that they are made, you should not
rely on them and are cautioned against doing so. Forward-looking
statements are based on our current expectations and assumptions
regarding our business, the economy and other possible future
conditions.
Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. They are neither
statements of historical fact nor guarantees or assurances of
future performance. Factors or events that could cause our actual
results to differ may emerge from time to time, and it is not
possible for us to predict all of them.
These and other risks, uncertainties and other important factors
are described in more detail in our recent filings with the U.S.
Securities and Exchange Commission, including, without limitation,
in Risk Factors and Management’s Discussion and Analysis of
Financial Condition and Results of Operations in our Annual Report
on Form 10-K for the fiscal year ended September 30, 2023 and our
subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs
after the date of this press release that causes any of our
forward- looking statements to be inaccurate, whether as a result
of new information, future developments or otherwise, we undertake
no obligation to announce publicly the change to our expectations,
or to make any revision to our forward-looking statements, to
reflect any change in assumptions, beliefs or expectations, or any
change in events, conditions or circumstances upon which any
forward-looking statement is based, unless required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240409747904/en/
Franklin Resources, Inc. Investor Relations:
Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media
Relations: Matt Walsh (650) 312-2245,
matthew.walsh@franklintempleton.com
investors.franklinresources.com
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