Franklin's September AUM Rises on Market Gains Despite Outflows

Core Insights - Franklin Resources, Inc. (BEN) reported preliminary assets under management (AUM) of $1.66 trillion as of September 30, 2025, reflecting an increase of nearly 1% from the previous month, driven by positive market impacts despite long-term net outflows of $11 billion [1][7] AUM Breakdown - Equity assets reached $685.9 billion, up 1.9% from the previous month [2] - Alternative AUM slightly increased to $262.6 billion [2] - Fixed income AUM decreased by 1.3% to $437.1 billion [2] - Multi-asset AUM grew to $194.1 billion, up 1.9% from August 2025 [2] - Cash management balance rose to $78.3 billion, an increase of 2.2% from the previous month [2] Company Performance and Outlook - The growth in total AUM in September indicates continued improvement for BEN, supported by positive market movements despite ongoing outflows [3] - The gains across various asset classes suggest steady progress, and the company's inorganic expansion, including the Apera acquisition, is expected to enhance long-term growth prospects [3] - Over the past year, BEN shares have increased by 21.5%, outperforming the industry's growth of 3.8% [4] Current Ranking - Franklin currently holds a Zacks Rank 3 (Hold) [5]