Franklin Resources-Franklin's August AUM Balance Improves on Favorable Markets

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.68 trillion as of Aug. 31, 2024. This reflected an increase of 1.1% from the prior month’s level.The improvement in AUM balance was due to the impact of positive markets, partially offset by long-term net outflows. Outflows included$ 7.7 billion of long-term net outflows at Western Asset Management. As previously revealed, the Macro Opportunities strategy, included in Alternative AUM, is closing and had $1.1 billion ...