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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Franklin Resources Inc | NYSE:BEN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.63 | 2.74% | 23.60 | 23.88 | 23.245 | 23.35 | 5,865,161 | 01:00:00 |
Franklin Resources, Inc. ("the Company") (NYSE: BEN) today reported preliminary month-end assets under management of $1,428.2 billion at July 31, 2020, compared to $622.8 billion at June 30, 2020. The increase in assets under management includes approximately $797 billion from the acquisition of Legg Mason, Inc. which closed on July 31, 2020. The Company will continue to provide updates on assets under management on a monthly basis. Flows will be reported on a quarterly basis along with financial results.
By Asset Class: (In USD billions)
Preliminary
Pro Forma Combined
31-Jul-20
30-Jun-20
30-Jun-20
31-Mar-20
31-Dec-19
31-Jul-19
Equity
$427.9
$412.0
$235.8
$200.9
$273.2
$270.9
Fixed Income
661.4
646.1
211.3
214.9
243.0
260.4
Multi-Asset/Balanced
134.2
131.3
118.5
107.4
125.6
124.5
Alternative
122.7
123.4
46.8
46.4
46.1
44.1
Long Term:
1,346.2
1,312.8
612.4
569.6
687.9
699.9
Cash Management
82.0
80.7
10.4
10.7
10.4
9.6
Total
$1,428.2
$1,393.5
$622.8
$580.3
$698.3
$709.5
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions. With offices in over 30 countries and 1,300 investment professionals, the California-based Company has more than 70 years of investment experience. The Company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.
Forward-Looking Statements
The financial results in this press release are preliminary. Statements in this press release regarding Franklin Resources, Inc. and its subsidiaries, which are not historical facts, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words or phrases generally written in the future tense and/or preceded by words such as “will,” “may,” “could,” “expect,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “estimate,” “preliminary” or other similar words are forward-looking statements.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. While forward-looking statements are our best prediction at the time that they are made, you should not rely on them and are cautioned against doing so. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance.
These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019 and our subsequent Quarterly Reports on Form 10-Q:
Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200811005831/en/
Franklin Resources, Inc. Investor Relations: Brian Sevilla (650) 312-4091, brian.sevilla@franklintempleton.com Media Relations: Matt Walsh (650) 312-2245, matthew.walsh@franklintempleton.com investors.franklinresources.com
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