Franklin Resources, Inc. also known as Franklin Templeton, has announced an increase in its assets under management (AUM) for the month of June 2024. The company reported preliminary AUM of $1.65 trillion, compared to $1.64 trillion in May 2024. This growth in AUM can be attributed to positive market performance and steady long-term net inflows. However, for the second quarter ending June 30, 2024, AUM was impacted by long-term net outflows of $3.2 billion, including a significant withdrawal of $5 billion.
In April 2024, Franklin Resources, Inc. experienced a decrease in AUM. The company reported preliminary AUM of $1.60 trillion, compared to $1.64 trillion in March 2024. The decline in AUM during this period can be attributed to negative market conditions and slight long-term net outflows, including $5.9 billion associated with a $25 billion withdrawal from Great-West Lifeco.
Previously, Franklin Resources, Inc. reported an increase in AUM for February 2024. The company announced preliminary AUM of $1.62 trillion, compared to $1.60 trillion in January 2024. This increase in AUM was driven by positive market performance and steady long-term net inflows, including a significant inflow of $5.5 billion in the retirement channel. However, it was partially offset by a $2.0 billion redemption from a fixed income institutional client.
These fluctuations in AUM reflect the dynamic nature of the investment industry, with market conditions and client activities impacting the overall performance of asset management companies like Franklin Templeton. The company continues to navigate these challenges while delivering value to its clients and shareholders.
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