Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.63 trillion at October 31, 2024, compared to $1.68 trillion at September 30, 2024. This month's decrease in AUM reflected the impact of negative markets and long-term net outflows of $18.5 billion, inclusive of the previously disclosed $17.8 billion of long-term net outflows at Western Asset Management1.
By Asset Class: | ||||||||||
(In USD billions) | Preliminary | |||||||||
31-Oct-24 | 30-Sep-24 | 30-Jun-24 | 31-Mar-24 | 31-Oct-23 | ||||||
Equity | $ | 618.2 | $ | 632.1 | $ | 595.0 | $ | 592.7 | $ | 410.9 |
Fixed Income | 524.6 | 556.4 | 564.5 | 571.4 | 468.9 | |||||
Alternative2 | 247.9 | 249.9 | 254.5 | 255.5 | 253.8 | |||||
Multi-Asset | 174.4 | 176.2 | 168.1 | 163.4 | 140.8 | |||||
Long Term: | 1,565.1 | 1,614.6 | 1,582.1 | 1,583.0 | 1,274.4 | |||||
Cash Management | 65.6 | 64.0 | 64.5 | 61.7 | 60.1 | |||||
Total Ending AUM | $ | 1,630.7 | $ | 1,678.6 | $ | 1,646.6 | $ | 1,644.7 | $ | 1,334.5 |
1 | As of October 31, 2024, Western Asset Management had AUM of $328.3 billion, compared to $353.3 billion at September 30, 2024. This month’s AUM reflected the impact of negative markets, the aforementioned long-term net outflows of $17.8 billion, and cash management net inflows of $1.7 billion. The Macro Opportunities funds with combined AUM of $0.3 billion closed on October 29, 2024. | |
2 | Alternative AUM includes $0.3 billion of realizations related to the previously disclosed closure of the Macro Opportunities funds. |
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 150 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 equity, fixed income, alternatives, and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, 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
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