Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.68 trillion as of August 31, 2024, reflecting a 1.1% increase from the previous month. While positive market performance contributed to the growth, long-term net outflows, including $7.7 billion from Western Asset Management, partially offset the gains. The report also highlights the performance of other asset managers, including Cohen & Steers, Inc. (CNS) and Invesco (IVZ).
Franklin Resources, Inc. (BEN) announced preliminary assets under management (AUM) of $1.66 trillion as of July 31, 2024, representing a 1% increase from the previous month. The growth was primarily attributed to positive market performance, partially offset by long-term net outflows. The company’s equity assets surged by 1.5% to $603.7 billion, while fixed income AUM climbed 1.2% to $571.3 billion. Franklin’s efforts to diversify its business through acquisitions, its strong AUM balance, and its robust distribution platform are anticipated to drive future revenue growth.
