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Franklin's September AUM Rises on Market Gains Despite Outflows
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Key Takeaways
Franklin's AUM rose nearly 1% in September 2025 to $1.66 trillion, driven by market gains.
Market strength offset $11 billion in long-term net outflows, mainly from Western Asset.
Equity, multi-asset, and cash management AUM all grew, while fixed income declined.
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management (AUM) of $1.66 trillion as of Sept. 30, 2025, which increased nearly 1% from the prior month.
The increase in the AUM balance was due to the positive impact of markets, which was partially offset by preliminary long-term net outflows of $11 billion, inclusive of $13 billion long-term net outflows at Western Asset Management.
Breakdown of BEN's September AUM Based on Asset Class
Franklin recorded equity assets of $685.9 billion, which increased 1.9% from the previous month. Alternative AUM also increased slightly from the prior month to $262.6 billion. However, the fixed income AUM of $437.1 billion at the end of September 2025 decreased 1.3% from the prior month.
Multi-asset AUM was $194.1 billion, up 1.9% from August 2025. Additionally, the cash management balance was $78.3 billion, up 2.2% from the previous month.
Our Viewpoint on Franklin
September reflected continued improvement for BEN, with total AUM growth supported by positive market movements despite persistent outflows. The modest gains across equity, multi-asset, alternative, and cash management segments highlight steady progress. Moreover, Franklin’s ongoing inorganic expansion, including the Apera acquisition, is expected to further strengthen its long-term growth prospects.
BEN's Price Performance and Zacks Rank
Over the past year, BEN shares have gained 21.5% compared with the industry’s growth of 3.8%.
Two stocks, AllianceBernstein Holding L.P. (AB - Free Report) and Victory Capital Holdings, Inc. (VCTR - Free Report) , will announce their monthly performances in the upcoming days.
Over the past year, shares of AB and VCTR have risen 10.7% and 15.5%, respectively.
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Franklin's September AUM Rises on Market Gains Despite Outflows
Key Takeaways
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management (AUM) of $1.66 trillion as of Sept. 30, 2025, which increased nearly 1% from the prior month.
The increase in the AUM balance was due to the positive impact of markets, which was partially offset by preliminary long-term net outflows of $11 billion, inclusive of $13 billion long-term net outflows at Western Asset Management.
Breakdown of BEN's September AUM Based on Asset Class
Franklin recorded equity assets of $685.9 billion, which increased 1.9% from the previous month. Alternative AUM also increased slightly from the prior month to $262.6 billion. However, the fixed income AUM of $437.1 billion at the end of September 2025 decreased 1.3% from the prior month.
Multi-asset AUM was $194.1 billion, up 1.9% from August 2025. Additionally, the cash management balance was $78.3 billion, up 2.2% from the previous month.
Our Viewpoint on Franklin
September reflected continued improvement for BEN, with total AUM growth supported by positive market movements despite persistent outflows. The modest gains across equity, multi-asset, alternative, and cash management segments highlight steady progress. Moreover, Franklin’s ongoing inorganic expansion, including the Apera acquisition, is expected to further strengthen its long-term growth prospects.
BEN's Price Performance and Zacks Rank
Over the past year, BEN shares have gained 21.5% compared with the industry’s growth of 3.8%.
Image Source: Zacks Investment Research
Franklin currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Two stocks, AllianceBernstein Holding L.P. (AB - Free Report) and Victory Capital Holdings, Inc. (VCTR - Free Report) , will announce their monthly performances in the upcoming days.
Over the past year, shares of AB and VCTR have risen 10.7% and 15.5%, respectively.