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Franklin Resources Assets Inch Up

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May 9, 2002 — Franklin Resources (BEN) said its assets under management inched up $1.3 billion between March and April.

The company, the parent of the Franklin, Templeton and Mutual Series funds, said it was overseeing $275.8 billion as of April 30, compared to $274.5 billion at the end of March and $269 billion at the end of April 2001.

Franklin’s stock assets rose to $147.9 billion from $147.1 billion in the latest one-month period, while fixed income assets edged up to $81.6 billion from $81 billion. Assets managed in hybrid products, which invest in stocks and bonds, held steady at $40.8 billion.