Franklin Resources, Inc. Announces Month-End Assets Under Management
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Franklin Resources, Inc. (NYSE: BEN) reported a decrease in assets under management (AUM) to $1.58 trillion as of December 31, 2024, from $1.65 trillion at the end of November 2024. The decline was due to negative market impacts and long-term net outflows, particularly from Western Asset Management.
January 10, 2025 | 9:15 pm
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Franklin Resources reported a decrease in AUM to $1.58 trillion at the end of December 2024, down from $1.65 trillion in November. The decline was driven by negative market conditions and significant net outflows, particularly from Western Asset Management.
The decrease in AUM is significant, reflecting both market conditions and substantial net outflows, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100