Franklin Resources, Inc. (BEN - Free Report) has reported the preliminary assets under management (AUM) balance of $1,572.1 billion for August 2021. This reflects a marginal increase of 0.95% from $1,557.3 billion recorded as of Jul 31, 2021.
This month’s increase in AUM was primarily supported by the positive impacts of markets and approximately unchanged long-term net flows, excluding the $400-million outflows from the previously announced non-management-fee-earning India credit funds, which are in the process of liquidation.
Month-end equity assets of $548 billion rose 2.1% from the previous month. Total fixed-income assets were $661.1 billion, down marginally from July 2021. Franklin recorded $156.2 billion in multi-asset class, up 1.7% from the prior month.
Alternative assets aggregated $143.7 billion, up 0.4% from the prior month’s $143.1 billion. Cash-management funds totaled $63.1 billion, up 0.6% sequentially.
In the previous month, the company reported a total AUM of $1,557.3 billion for July. This reflects a marginal increase of 0.3% from $1,552.1 billion recorded as of Jun 30, 2021.
Franklin seems well-poised for growth on the back of a robust foothold in the global market and acquisition moves. Going forward, growth in investment-management fees and strategic moves will likely support a rise in AUM. However, a stringent regulatory backdrop remains a near-term concern for the company.
Shares of Franklin have gained 6.1% in the past six months, underperforming the 17.2% rally of the industry.
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group, Inc. (TROW - Free Report) reported a preliminary AUM of $1.68 trillion as of Aug 31, 2021. This reflects a 2.4% increase from the prior month’s $1.64 trillion.
Artisan Partners Asset Management Inc. (APAM - Free Report) reported a preliminary AUM of $181.1 billion as of Aug 31, 2021. Artisan Funds and Artisan Global Funds aggregated for $88.6 billion of total firm AUM, while separate accounts and other AUM accounted for $92.5 billion.
Lazard Ltd. (LAZ - Free Report) recorded a 1.6% rise in preliminary AUM as of Aug 31, 2021, from the previous month. The total AUM balance aggregated $282.8 billion, marking an increase from the prior month’s $278.4 billion.
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Franklin Resources, Inc. (BEN - Free Report) has reported the preliminary assets under management (AUM) balance of $1,572.1 billion for August 2021. This reflects a marginal increase of 0.95% from $1,557.3 billion recorded as of Jul 31, 2021.
This month’s increase in AUM was primarily supported by the positive impacts of markets and approximately unchanged long-term net flows, excluding the $400-million outflows from the previously announced non-management-fee-earning India credit funds, which are in the process of liquidation.
Month-end equity assets of $548 billion rose 2.1% from the previous month. Total fixed-income assets were $661.1 billion, down marginally from July 2021. Franklin recorded $156.2 billion in multi-asset class, up 1.7% from the prior month.
Alternative assets aggregated $143.7 billion, up 0.4% from the prior month’s $143.1 billion. Cash-management funds totaled $63.1 billion, up 0.6% sequentially.
In the previous month, the company reported a total AUM of $1,557.3 billion for July. This reflects a marginal increase of 0.3% from $1,552.1 billion recorded as of Jun 30, 2021.
Franklin seems well-poised for growth on the back of a robust foothold in the global market and acquisition moves. Going forward, growth in investment-management fees and strategic moves will likely support a rise in AUM. However, a stringent regulatory backdrop remains a near-term concern for the company.
Shares of Franklin have gained 6.1% in the past six months, underperforming the 17.2% rally of the industry.
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
T. Rowe Price Group, Inc. (TROW - Free Report) reported a preliminary AUM of $1.68 trillion as of Aug 31, 2021. This reflects a 2.4% increase from the prior month’s $1.64 trillion.
Artisan Partners Asset Management Inc. (APAM - Free Report) reported a preliminary AUM of $181.1 billion as of Aug 31, 2021. Artisan Funds and Artisan Global Funds aggregated for $88.6 billion of total firm AUM, while separate accounts and other AUM accounted for $92.5 billion.
Lazard Ltd. (LAZ - Free Report) recorded a 1.6% rise in preliminary AUM as of Aug 31, 2021, from the previous month. The total AUM balance aggregated $282.8 billion, marking an increase from the prior month’s $278.4 billion.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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