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Franklin's July AUM Benefits From Favorable Markets
Franklin Resources, Inc. (NYSE: BEN) reported its preliminary assets under management of $1.66 trillion as of Jul 31, 2024. This reflected an increase of 1% from the prior month's level.
The improvement in AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows.
BEN recorded equity assets of $603.7 billion, which increased 1.5% from the previous month. Further, fixed income AUM of $571.3 billion at the end of July 2024 increased 1.2% from the previous month. Multi-asset AUM was $171.7 billion, which rose 2.1% from June ...