Franklin Resources, Inc. (NYSE: BEN) reported its preliminary assets under management 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 of AUM as of Aug. 31, 2024, and $0.9 billion of net outflows in the month.
Break Down of BEN's AUM Based on Asset Class
BEN recorded equity assets of $603.7 billion, which rose 2.5% from the previous month. Further, fixed income AUM of $574.5 ...
