Franklin's (BEN) July AUM Benefits From Favorable Markets

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.66 trillion as of Jul 31, 2024. This reflected an increase of 1% from the prior month’s level.The improvement in AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows. BEN recorded equity assets of $603.7 billion, which increased 1.5% from the previous month. Further, fixed income AUM of $571.3 billion at the end of July 2024 increased 1.2% from the previous month ...