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Franklin's November AUM Edges Lower Despite Positive Markets
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Key Takeaways
Franklin posted a preliminary November AUM of $1.67T, down slightly from the prior month.
Flat long-term flows and $1B in Western Asset outflows weighed on the monthly AUM balance.
Equity and fixed income dipped, while alternative and multi-asset categories saw modest gains.
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management (AUM) of $1.67 trillion as of Nov. 30, 2025, which decreased slightly from the prior month.
The company’s AUM balance reflected flat long-term flows, inclusive of $1 billion of long-term net outflows at Western Asset Management, along with the positive impact of markets.
Breakdown of BEN's November AUM Based on Asset Class
Franklin recorded equity assets of $694.1 billion, which decreased marginally from the previous month. The fixed income AUM of $437.1 billion at the end of November 2025 also decreased slightly from the prior month. Nevertheless, Alternative AUM increased marginally from the prior month to $269.3 billion.
Multi-asset AUM was $198.1 billion, up 1.2% from October 2025. Additionally, the cash management balance was $75.9 billion, down 13.9% from the previous month.
Our Viewpoint on Franklin
November saw a slight decline in BEN’s total AUM, driven by flat long-term flows and outflows at Western Asset Management, partially offset by modest gains in alternative and multi-asset categories. Equity, fixed income, and cash balances softened, reflecting near-term flow pressures. Nevertheless, Franklin’s ongoing inorganic initiatives and strategic partnerships continue to position the firm for long-term growth despite near-term fluctuations in flows.
BEN's Price Performance and Zacks Rank
Over the past year, BEN shares have gained 2.7% against the industry’s decline of 21.4%.
Two stocks, AllianceBernstein Holding L.P. (AB) and Victory Capital Holdings, Inc. (VCTR - Free Report) , will announce their monthly performances in the upcoming days.
Over the past year, shares of AB have risen 14.5%, whereas shares of VCTR have lost 7.3%.
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Franklin's November AUM Edges Lower Despite Positive Markets
Key Takeaways
Franklin Resources, Inc. (BEN - Free Report) reported its preliminary assets under management (AUM) of $1.67 trillion as of Nov. 30, 2025, which decreased slightly from the prior month.
The company’s AUM balance reflected flat long-term flows, inclusive of $1 billion of long-term net outflows at Western Asset Management, along with the positive impact of markets.
Breakdown of BEN's November AUM Based on Asset Class
Franklin recorded equity assets of $694.1 billion, which decreased marginally from the previous month. The fixed income AUM of $437.1 billion at the end of November 2025 also decreased slightly from the prior month. Nevertheless, Alternative AUM increased marginally from the prior month to $269.3 billion.
Multi-asset AUM was $198.1 billion, up 1.2% from October 2025. Additionally, the cash management balance was $75.9 billion, down 13.9% from the previous month.
Our Viewpoint on Franklin
November saw a slight decline in BEN’s total AUM, driven by flat long-term flows and outflows at Western Asset Management, partially offset by modest gains in alternative and multi-asset categories. Equity, fixed income, and cash balances softened, reflecting near-term flow pressures. Nevertheless, Franklin’s ongoing inorganic initiatives and strategic partnerships continue to position the firm for long-term growth despite near-term fluctuations in flows.
BEN's Price Performance and Zacks Rank
Over the past year, BEN shares have gained 2.7% against the industry’s decline of 21.4%.
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.
Peer Releases
Two stocks, AllianceBernstein Holding L.P. (AB) and Victory Capital Holdings, Inc. (VCTR - Free Report) , will announce their monthly performances in the upcoming days.
Over the past year, shares of AB have risen 14.5%, whereas shares of VCTR have lost 7.3%.