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Franklin Resources (NYSE:BEN) posted on Wednesday preliminary assets under management of $1,681.7B at Aug. 31, 2024, up 1.1% from $1.663.1B at July 31, 2024.
The monthly increase was driven by the impact of positive markets, partially offset by long-term net outflows of $6.3B, inclusive of $7.7B of long-term net outflows at Franklin’s (BEN) Western Asset Management unit.
Equity AUM advanced 2.5% M/M to $618.8B; Fixed income AUM edged up 0.6% to $574.5B; alternative AUM dipped 1.5%; and multi-asset AUM increased 0.7% to $172.9B.
