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Franklin Resources, Inc. (NYSE: BEN) reported preliminary month-end assets under management (AUM) of $1.68 trillion at September 30, 2024, unchanged from August 31, 2024. The company experienced long-term net outflows of $22.4 billion, including $27.9 billion from Western Asset Management, partially offset by positive market impact. For the quarter ended September 30, 2024, AUM benefited from positive markets but was affected by long-term net outflows of $31.3 billion, including $37.0 billion from Western Asset Management.
The AUM breakdown by asset class as of September 30, 2024, was: Equity ($632.1 billion), Fixed Income ($556.4 billion), Alternative ($249.9 billion), Multi-Asset ($176.2 billion), and Cash Management ($64.0 billion). Western Asset Management’s AUM decreased from $376.8 billion to $353.3 billion, reflecting significant outflows and market impacts.
Franklin Resources, Inc. (NYSE: BEN) ha riportato un patrimonio gestionato (AUM) provvisorio a fine mese di $1.68 trilioni al 30 settembre 2024, senza variazioni rispetto al 31 agosto 2024. L’azienda ha registrato uscite nette a lungo termine di $22.4 miliardi, inclusi $27.9 miliardi da Western Asset Management, parzialmente compensate da un impatto positivo del mercato. Per il trimestre concluso il 30 settembre 2024, l’AUM ha beneficiato di mercati positivi ma è stato influenzato da uscite nette a lungo termine di $31.3 miliardi, inclusi $37.0 miliardi da Western Asset Management.
Dando un’occhiata alla suddivisione dell’AUM per classe di attivo al 30 settembre 2024, abbiamo: Equity ($632.1 miliardi), Reddito Fisso ($556.4 miliardi), Alternative ($249.9 miliardi), Multi-Asset ($176.2 miliardi) e Gestione Liquida ($64.0 miliardi). L’AUM di Western Asset Management è sceso da $376.8 miliardi a $353.3 miliardi, riflettendo significative uscite e impatti di mercato.
Franklin Resources, Inc. (NYSE: BEN) reportó un patrimonio bajo administración (AUM) preliminar a fin de mes de $1.68 billones al 30 de septiembre de 2024, sin cambios respecto al 31 de agosto de 2024. La compañía experimentó salidas netas a largo plazo de $22.4 mil millones, incluyendo $27.9 mil millones de Western Asset Management, compensado parcialmente por un impacto positivo del mercado. Para el trimestre terminado el 30 de septiembre de 2024, el AUM se benefició de mercados positivos pero se vio afectado por salidas netas a largo plazo de $31.3 mil millones, incluyendo $37.0 mil millones de Western Asset Management.
La desagregación del AUM por clase de activo al 30 de septiembre de 2024 fue: Renta Variable ($632.1 mil millones), Renta Fija ($556.4 mil millones), Alternativa ($249.9 mil millones), Multi-Activo ($176.2 mil millones) y Gestión de Efectivo ($64.0 mil millones). El AUM de Western Asset Management disminuyó de $376.8 mil millones a $353.3 mil millones, reflejando salidas significativas e impactos de mercado.
프랭클린 리소스, Inc. (NYSE: BEN)는 2024년 9월 30일 기준, 월말 자산 관리(AUM)가 $1.68 조로 보고되었으며, 이는 2024년 8월 31일과 변동이 없습니다. 이 회사는 장기 순유출이 $22.4십억 발생했으며, 이 중 $27.9십억이 웨스턴 자산 관리에서 유출되었고, 부분적으로 시장의 긍정적인 영향으로 상쇄되었습니다. 2024년 9월 30일 종료된 분기 동안, AUM은 긍정적인 시장의 혜택을 보았으나 장기 순유출이 $31.3십억 발생했습니다. 이 중 $37.0십억이 웨스턴 자산 관리로부터 유출되었습니다.
2024년 9월 30일 기준 자산 클래스별 AUM 분류는 다음과 같습니다: 주식 ($632.1십억), 채권 ($556.4십억), 대체 투자 ($249.9십억), 다중 자산 ($176.2십억), 현금 관리 ($64.0십억). 웨스턴 자산 관리의 AUM은 $376.8십억에서 $353.3십억으로 감소했으며, 이는 상당한 유출과 시장 영향이 반영된 결과입니다.
Franklin Resources, Inc. (NYSE: BEN) a annoncé un actif sous gestion (AUM) préliminaire de $1,68 billion au 30 septembre 2024, inchangé par rapport au 31 août 2024. La société a enregistré des sorties nettes à long terme de $22,4 milliards, dont $27,9 milliards provenant de Western Asset Management, compensées en partie par un impact positif du marché. Pour le trimestre se terminant le 30 septembre 2024, l’AUM a bénéficié de marchés positifs, mais a été affecté par des sorties nettes à long terme de $31,3 milliards, dont $37,0 milliards provenant de Western Asset Management.
La répartition de l’AUM par classe d’actifs au 30 septembre 2024 était la suivante : Actions ($632,1 milliards), Revenu Fixe ($556,4 milliards), Alternatif ($249,9 milliards), Multi-Actifs ($176,2 milliards) et Gestion de Trésorerie ($64,0 milliards). L’AUM de Western Asset Management a diminué, passant de $376,8 milliards à $353,3 milliards, reflétant des sorties significatives et des impacts de marché.
Franklin Resources, Inc. (NYSE: BEN) meldete zum 30. September 2024 ein vorläufiges Vermögen unter Verwaltung (AUM) von $1,68 Billionen, unverändert seit dem 31. August 2024. Das Unternehmen verzeichnete langfristige Nettoabflüsse von $22,4 Milliarden, einschließlich $27,9 Milliarden von Western Asset Management, partially offset by positive market impact. Für das Quartal zum 30. September 2024 profitierte das AUM von positiven Märkten, war jedoch durch langfristige Nettoabflüsse von $31,3 Milliarden betroffen, einschließlich $37,0 Milliarden von Western Asset Management.
Die AUM-Aufschlüsselung nach Anlageklasse zum 30. September 2024 war: Aktien ($632,1 Milliarden), Festverzinsliche (Renten) ($556,4 Milliarden), Alternative Anlagen ($249,9 Milliarden), Multi-Asset ($176,2 Milliarden) und Cash Management ($64,0 Milliarden). Das AUM von Western Asset Management sank von $376,8 Milliarden auf $353,3 Milliarden, was auf erhebliche Abflüsse und Markteinflüsse zurückzuführen ist.
Positive
- Total AUM remained stable at $1.68 trillion month-over-month
- Positive market impact partially offset net outflows
- Equity AUM increased from $618.8 billion to $632.1 billion
- Multi-Asset AUM rose from $172.9 billion to $176.2 billion
Negative
- Long-term net outflows of $22.4 billion for the month
- Quarterly long-term net outflows of $31.3 billion
- Western Asset Management experienced $27.9 billion in monthly net outflows
- Fixed Income AUM decreased from $574.5 billion to $556.4 billion
- Alternative AUM slightly decreased from $251.2 billion to $249.9 billion
- Macro Opportunities strategy closing with $0.5 billion net outflows in the month
Insights
Franklin Resources’ latest AUM report reveals a stagnant total AUM of $1.68 trillion as of September 30, 2024, unchanged from the previous month. The company faced significant challenges, particularly with long-term net outflows of $22.4 billion, largely attributed to Western Asset Management’s $27.9 billion outflows. This trend is concerning, especially when compared to the previous quarter’s net outflows of $31.3 billion.
The equity segment showed resilience, increasing from $618.8 billion to $632.1 billion, likely due to positive market performance. However, the fixed income segment experienced a notable decline from $574.5 billion to $556.4 billion, reflecting ongoing challenges in the bond market and potential investor concerns.
The closure of the Macro Opportunities strategy within the Alternative AUM segment, while relatively small at $0.6 billion, signals potential restructuring or strategic shifts. Investors should monitor Franklin Resources’ ability to stem outflows and capitalize on market gains to maintain its competitive position in the asset management industry.
Franklin Resources’ AUM report highlights a mixed performance across asset classes. The 2.15% increase in equity AUM suggests potential market gains or successful equity strategies. However, the 3.15% decrease in fixed income AUM is concerning, possibly reflecting broader market trends or specific challenges in Franklin’s fixed income offerings.
The alternative and multi-asset segments show relative stability, with slight changes month-over-month. This diversification may help buffer against volatility in other asset classes. The consistent cash management AUM around $64 billion indicates a stable liquidity position.
Year-over-year comparison shows significant growth, with total AUM increasing from $1.37 trillion to $1.68 trillion, a 22.15% jump. This growth, likely boosted by acquisitions or market performance, contrasts with the current outflow challenges. The company’s ability to integrate acquisitions and retain assets will be important for maintaining this expanded AUM base and reversing the outflow trend.
SAN MATEO, Calif.–(BUSINESS WIRE)– Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.68 trillion at September 30, 2024, compared to $1.68 trillion at August 31, 2024. Long-term net outflows of $22.4 billion, inclusive of $27.9 billion of long-term net outflows at Western Asset Management,1 were partially offset by the impact of positive markets.
For the quarter ended September 30, 2024, AUM reflected the positive impact of markets, partially offset by long-term net outflows of $31.3 billion, inclusive of $37.0 billion of long-term net outflows at Western Asset Management.1
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By Asset Class: |
|||||
|
(In USD billions) |
Preliminary |
||||
|
30-Sep-24 |
31-Aug-24 |
30-Jun-24 |
31-Mar-24 |
30-Sep-23 |
|
|
Equity |
$632.1 |
$618.8 |
$595.0 |
$592.7 |
$430.4 |
|
Fixed Income |
556.4 |
574.5 |
564.5 |
571.4 |
483.1 |
|
Alternative2 |
249.9 |
251.2 |
254.5 |
255.5 |
254.9 |
|
Multi-Asset |
176.2 |
172.9 |
168.1 |
163.4 |
145.0 |
|
Long Term: |
1,614.6 |
1,617.4 |
1,582.1 |
1,583.0 |
1,313.4 |
|
Cash Management |
64.0 |
64.3 |
64.5 |
61.7 |
60.8 |
|
Total Ending AUM |
$1,678.6 |
$1,681.7 |
$1,646.6 |
$1,644.7 |
$1,374.2 |
1 As of September 30, 2024, Western Asset Management had AUM of $353.3 billion, compared to $376.8 billion at August 31, 2024. This month’s AUM reflected the aforementioned long-term net outflows of $27.9 billion and cash management net outflows of $0.5 billion, partially offset by the impact of positive markets. As previously disclosed, the Macro Opportunities strategy, which is included in Alternative AUM, is closing and had $0.6 billion of AUM at September 30, 2024, $0.5 billion of net outflows in the month, and $1.5 billion of net outflows in the quarter.
2 The quarter ended September 30, 2024 includes aggregate realizations and distributions of $2.8 billion and the previously disclosed $2 billion reclassification to AUA in August.
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 150 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 offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives, and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 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. Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events, financial performance and market conditions. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as “anticipate,” “believe,” “could,” “depends,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “potential,” “preliminary,” “seek,” “should,” “will,” “would,” or other – similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements, including market and volatility risks, investment performance and reputational risks, global operational risks, competition and distribution risks, third-party risks, technology and security risks, human capital risks, cash management risks, and legal and regulatory risks. 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 possible 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. 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.
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, 2023 and our subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs after the date of this press release that causes any of our forward- looking statements to be inaccurate, whether as a result of new information, future developments or otherwise, we undertake no obligation to announce publicly the change to our expectations, or to make any revision to our forward-looking statements, to reflect any change in assumptions, beliefs or expectations, or any change in events, conditions or circumstances upon which any forward-looking statement is based, unless required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241009092967/en/
Franklin Resources, Inc.
Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com
Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com
investors.franklinresources.com
Source: Franklin Resources, Inc.
FAQ
What was Franklin Resources’ (BEN) total AUM as of September 30, 2024?
Franklin Resources’ (BEN) total assets under management (AUM) as of September 30, 2024, were $1.68 trillion.
How much were the long-term net outflows for Franklin Resources (BEN) in September 2024?
Franklin Resources (BEN) reported long-term net outflows of $22.4 billion for September 2024.
What was the AUM for Western Asset Management, part of Franklin Resources (BEN), as of September 30, 2024?
Western Asset Management, part of Franklin Resources (BEN), had AUM of $353.3 billion as of September 30, 2024.
How did Franklin Resources’ (BEN) equity AUM change from August to September 2024?
Franklin Resources’ (BEN) equity AUM increased from $618.8 billion on August 31, 2024, to $632.1 billion on September 30, 2024.
