Franklin's (BEN) February AUM Benefits From Upbeat Markets
BENFranklin Resources(BEN) Zacks Investment Research·2024-03-13 01:20

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of 1.62trillionasofFeb29,2024.Thisreflectedanincreaseof1.31.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month’s level. The improvement was driven by positive markets and long-term net inflows, including the previously disclosed 5.5 billion in the retirement channel. However, fixed-income institutional client redemption of 2billionaffectedtheAUMbalance.BENrecordedequityassetsof2 billion affected the AUM balance. BEN recorded equity assets of 572.8 billion, which increased 4% from ...