Franklin Resources-Franklin's (BEN) February AUM Benefits From Upbeat Markets

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month’s level.The improvement was driven by positive markets and long-term net inflows, including the previously disclosed$ 5.5 billion in the retirement channel. However, fixed-income institutional client redemption of $2 billion affected the AUM balance.BEN recorded equity assets of$ 572.8 billion, which increased 4% from th ...