Franklin Resources' (BEN) AUM Rises on Strategic Acquisition

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.60 trillion as of Jan 31, 2024. This reflected an increase of 9.6% from the prior month’s level.The increase was driven by the acquisition of Putnam Investments (closed on Jan 1). This was partly offset by modest long-term net outflows.BEN recorded a fixed income AUM of $565.9 billion at the end of January 2024, increasing 10.6% from the December-end level. Further, Equity Income assets were $550.9 billion, ...