Franklin's (BEN) March AUM Benefits From Upbeat Markets

Zacks04-11

Franklin Resources, Inc. BEN reported its preliminary month-end assets under management (AUM) of $1.64 trillion as of Mar 31, 2024. This reflected an increase of 1.4% from the prior month’s level.The ...

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This reflected an increase of 1.4% from the prior month’s level.The ...</p>\n\n<a href=\"https://finance.yahoo.com/news/franklins-ben-march-aum-benefits-135000797.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Franklin's (BEN) March AUM Benefits From Upbeat Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFranklin's (BEN) March AUM Benefits From Upbeat Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-11 21:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/franklins-ben-march-aum-benefits-135000797.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Franklin Resources, Inc. BEN reported its preliminary month-end assets under management (AUM) of $1.64 trillion as of Mar 31, 2024. This reflected an increase of 1.4% from the prior month’s level.The ...</p>\n\n<a href=\"https://finance.yahoo.com/news/franklins-ben-march-aum-benefits-135000797.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://finance.yahoo.com/news/franklins-ben-march-aum-benefits-135000797.html","article_id":"2426264794","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ZsRLKmWzd9YpiHaSqhwnOQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7be9d67b93b627c1b9eb8fbeee74af1b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426264794","pubTimestamp":1712843400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"This week, Virtus Investment Partners, Inc. VRTS recorded a preliminary AUM of $179.3 billion for March 2024, up 1.8% as of Feb 29, 2024. VRTS offered services to $2.7 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.Victory Capital Holdings, Inc. VCTR recently reported an AUM of $170.3 billion for March 2024. This reflected a 3.3% rise from $164.9 billion reported in the prior month.By asset class, VCTR’s U.S. Mid Cap Equity AUM was $32.9 billion, up 5.2 % from the prior month’s level. The U.S. Small Cap Equity AUM of $16.3 billion increased 3.8%. The Global/Non-U.S. Equity AUM rose 6.7% to $18.2 billion. The U.S. Large Cap Equity AUM increased 2.9% to $13.9 billion.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Franklin Resources, Inc.  : Free Stock Analysis Report. To read this article on Zacks.com click here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","BEN":"富兰克林资源","VCTR":"Victory Capital Holdings Inc.","BK4585":"ETF&股票定投概念","VRTS":"维德思投资","BK4588":"碎股"},"translate_title":"富兰克林3月管理资产受益于乐观的市场","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BEN":1,"VCTR":1,"VRTS":1},"content_text":"Franklin Resources, Inc. BEN reported its preliminary month-end assets under management (AUM) of $1.64 trillion as of Mar 31, 2024. This reflected an increase of 1.4% from the prior month’s level.The improvement was driven by positive markets and long-term net inflows of $8.1 billion related to Great-West Lifeco. For the quarter ended Mar 31, 2024, AUM was boosted by the upbeat markets and long-term net inflows of $6.9 billion. This included $13.6 billion related to Great-West Lifeco, offset by a fixed-income institutional client redemption of $2 billion.BEN recorded equity assets of $592.7 billion, which rose 3.5% from the previous month. Further, fixed income AUM of $571.4 billion at the end of March 2024 increased 1.3% from the previous month. Also, multi-asset AUM was $163.4 billion, which increased marginally from February 2024.However, the cash management balance was $61.7 billion, down 6.9% from the prior month’s level. Additionally, alternative assets were $255.5 billion, which decreased slightly from the prior month’s level.Franklin’s efforts to grow inorganically and diversify its business are expected to support its financials. Also, a strong AUM balance will continue to support top-line growth. We expect AUM and revenues to witness a compound annual growth rate of 9.1% and 2.9% by fiscal 2026, respectively. However, elevated expenses and volatility in investment management fees, which bring in the majority of its revenues, are near-term concerns.\nPerformance of Other Asset Managers\nThis week, Virtus Investment Partners, Inc. VRTS recorded a preliminary AUM of $179.3 billion for March 2024, up 1.8% as of Feb 29, 2024. VRTS offered services to $2.7 billion of other fee-earning assets. This was excluded from the above-mentioned AUM balance.Victory Capital Holdings, Inc. VCTR recently reported an AUM of $170.3 billion for March 2024. This reflected a 3.3% rise from $164.9 billion reported in the prior month.By asset class, VCTR’s U.S. Mid Cap Equity AUM was $32.9 billion, up 5.2 % from the prior month’s level. The U.S. Small Cap Equity AUM of $16.3 billion increased 3.8%. The Global/Non-U.S. Equity AUM rose 6.7% to $18.2 billion. The U.S. Large Cap Equity AUM increased 2.9% to $13.9 billion.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFranklin Resources, Inc. (BEN) : Free Stock Analysis Report\nVirtus Investment Partners, Inc. (VRTS) : Free Stock Analysis Report\nVictory Capital Holdings, Inc. (VCTR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426264794"}