Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at August 31, 2024 compared to $1.66 trillion at July 31, 2024. This month's increase in AUM reflected the impact of positive markets, partially offset by long-term net outflows of $6.3 billion, inclusive of $7.7 billion of long-term net outflows at Western Asset Management.1
By Asset Class: | ||||||
(In USD billions) | Preliminary | |||||
31-Aug-24 | 31-Jul-24 | 30-Jun-24 | 31-Mar-24 | 31-Aug-23 | ||
Equity | $618.8 | $603.7 | $595.0 | $592.7 | $452.3 | |
Fixed Income | 574.5 | 571.3 | 564.5 | 571.4 | 500.2 | |
Alternative2 | 251.2 | 254.9 | 254.5 | 255.5 | 256.3 | |
Multi-Asset | 172.9 | 171.7 | 168.1 | 163.4 | 149.5 | |
Long Term: | 1,617.4 | 1,601.6 | 1,582.1 | 1,583.0 | 1,358.3 | |
Cash Management | 64.3 | 61.5 | 64.5 | 61.7 | 63.1 | |
Total | $1,681.7 | $1,663.1 | $1,646.6 | $1,644.7 | $1,421.4 |
| 1 As of August 31, 2024, Western Asset Management had AUM of $376.8 billion, compared to $376.4 billion at July 31, 2024. This month’s AUM reflected the impact of positive markets and cash management net inflows, primarily offset by the aforementioned long-term net outflows of $7.7 billion. As previously disclosed, the Macro Opportunities strategy, which is included in Alternative AUM, is closing and had $1.1 billion of AUM at August 31, 2024 and $0.9 billion of net outflows in the month.
2 Alternative AUM includes a $2 billion reduction related to a reclassification to AUA. |
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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