Franklin's (BEN) December AUM Rises 3.1% on Favorable Markets

Franklin Resources, Inc. (BEN) reported a preliminary asset under management (AUM) balance of $1.46 trillion for December 2023. This reflected a 3.1% increase from $1.41 trillion as of Nov 30. The rise in the AUM balance was primarily due to the impacts of positive markets and long-term net inflows.Total month-end fixed-income assets were $511.7 billion, up 3.4% from the prior month’s level. Equity assets of $467.5 billion increased 4.4% from November 2023. BEN recorded $154.6 billion in multi-asset class, ...