Franklin's October AUM Balance Declines Sequentially on Net Outflows
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Franklin Resources, Inc. (BEN) reported a 2.9% decline in its October assets under management (AUM) due to negative market conditions and net outflows.
November 12, 2024 | 6:45 pm
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Franklin Resources, Inc. (BEN) experienced a 2.9% decline in its October AUM, attributed to negative market conditions and net outflows.
The decline in AUM is a direct result of negative market conditions and net outflows, which are likely to put short-term pressure on BEN's stock price as it reflects reduced asset management revenue potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100