Franklin Resources-Franklin's (BEN) April AUM Declines 2.5% on Weaker Markets

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.60 trillion as of Apr 30, 2024. This reflected a decrease of 2.5% from the prior month’s level.The decline in AUM balance was primarily due to the impact of negative markets and long-term net outflows, including$ 5.9 billion related to the $25 billion AUM received from the Great-West Lifeco acquistion.BEN recorded equity assets of$ 564.4 billion, which declined 4.8% from the previous month. Further, fixed income AUM ...