Franklin Resources, Inc. Announces Month-End Assets Under Management
April 12 2023 - 4:01PM
Business Wire
Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today
reported preliminary month-end assets under management (AUM) of
$1,422.1 billion at March 31, 2023, compared to $1,416.5 billion at
February 28, 2023. This month’s increase in AUM reflected the
impact of positive markets, partially offset by long-term net
outflows.
For the quarter ended March 31, 2023, AUM reflected the positive
impact of markets, partially offset by long-term net outflows of
$3.7 billion.
By Asset Class:
(In USD billions)
Preliminary
31-Mar-23
28-Feb-23
31-Dec-22
30-Sep-22
31-Mar-22
Fixed Income
510.1
502.4
494.8
490.9
595.0
Equity
437.1
431.9
419.1
392.3
515.4
Alternative
258.2
256.3
257.4
225.1
157.9
Multi-Asset
146.1
144.2
141.4
131.5
151.9
Long Term:
1,351.5
1,334.8
1,312.7
1,239.8
1,420.2
Cash Management
70.6
81.7
75.0
57.6
57.3
Total
1,422.1
1,416.5
1,387.7
1,297.4
1,477.5
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 155 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 offices in more than 30 countries and
approximately 1,300 investment professionals, 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 pandemic-related risks, 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, 2022 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/20230412005748/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
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Franklin Resources (NYSE:BEN)
Historical Stock Chart
From Apr 2023 to Apr 2024