Franklin's (BEN) May AUM Benefits From Positive Markets

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.64 trillion as of May 31, 2024. This reflected an increase of 2% from the prior month’s level.The improvement in AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows. BEN recorded equity assets of $583.9 billion, which increased 3.5% from the previous month. Further, fixed income AUM of $563.6 billion at the end of May 2024 increased nearly 1% from the previous m ...