Franklin's October AUM Balance Declines Sequentially on Net Outflows

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.63 trillion as of Oct. 31, 2024. This reflected a decrease of 2.9% from the prior month.The decline in the AUM balance was due to the impacts of negative markets and long-term net outflows of $18.5 billion, including the previously disclosed $17.8 billion of long-term net outflows at Western Asset Management.Break Down of BEN’s AUM Based on Asset ClassBEN recorded equity assets of $618.2 billion, which fell 2.2% from ...