Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Technology > Investment Platforms > Turnkey Asset Management

Franklin Resources Assets Slip

X
Your article was successfully shared with the contacts you provided.

July 11, 2002 — Franklin Resources (BEN) said its assets under management declined 2.8% between May and June.

The company, the parent of the Franklin, Templeton and Mutual Series funds, said it was overseeing $270.7 billion on June 30, compared to $278.6 billion in May and $268 billion at the end of June 2001.

Franklin’s stock assets dropped to $142.1 billion from $149.7 billion in the latest one-month period, while fixed income assets inched up $600 million to $83.3 billion. Assets managed in hybrid products, which invest in stocks and bonds, eased $900 million to $39.9 billion.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.