Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Franklin Resources, Inc. (NYSE: BEN), commonly known as Franklin Templeton, is a prominent global investment management organization. With more than 75 years of expertise, Franklin Templeton delivers a suite of investment services aimed at both individual and institutional investors. As of April 2024, the company oversees $1.602 trillion in managed assets, comprising 35% equity, 35% fixed-income, 10% multi-asset/balanced funds, 16% alternatives, and 4% money market funds.
Franklin Templeton is renowned for its diverse portfolio and global reach, with more than a third of its assets under management (AUM) invested in international strategies. Furthermore, approximately 30% of managed assets are sourced from clients outside the United States. The company's client base is balanced between retail investors at 52% and institutional accounts at 46%, with high-net-worth individuals accounting for the remainder.
Recently, the company's subsidiary, ClearBridge Investments, released its seventh annual Stewardship Report, highlighting its commitment to environmental, social, and governance (ESG) factors. With $188 billion in assets under management, ClearBridge actively integrates ESG considerations into its investment process, promoting sustainable practices and responsible investing. In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment and joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, advocating for fair wages in line with international human rights standards.
Franklin Templeton's dedication to ESG is further exemplified through ClearBridge's active ownership and engagement strategies. In 2023, ClearBridge voted on over 15,000 shareholder proposals and engaged with more than 1,000 companies to drive positive change. The firm's commitment to diversity and inclusion is also noteworthy, with strong representation of women and people of color among its staff and investment teams.
Franklin Templeton continues to advance the U.N. Sustainable Development Goals (SDGs) through various philanthropic efforts. ClearBridge's partnership with WaterAid since 2013 has improved clean water accessibility in Timor-Leste, directly supporting SDG 6: Clean Water and Sanitation.
With a mission to help clients achieve better outcomes through specialized investment management and wealth management solutions, Franklin Templeton operates with a global presence in over 150 countries. The company leverages its extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions to serve a diverse clientele, bolstered by a team of over 1,500 investment professionals stationed in major financial markets worldwide.
Franklin Templeton Institute has released its Global Investment Management Survey, revealing optimistic predictions for 2025. The survey, gathering insights from over 200 senior investment professionals, forecasts:
- US real GDP growth of 2.5%, surpassing IMF and Bloomberg consensus expectations - US Core PCE inflation stabilizing around 2.75% - US unemployment rate ending at approximately 4.25% - S&P 500 projected to reach 6400-6800 by year-end - US earnings growth of 7.5%
The survey highlights opportunities in small-cap stocks, with favorable outlooks for India and Japan. In fixed income, US investment-grade spreads are expected to end at 95 bps, while high-yield spreads should reach 300 bps. Alternative investments show promise in secondary markets, private credit, and select real estate sectors including multi-family housing, industrial warehouse, and life sciences.
Franklin Templeton and Lexington Partners have launched the Franklin Lexington Private Markets Fund (FLEX), their first open-end fund focused on secondary private equity investments. The fund debuts with $904.5 million in assets under management through partnerships with two U.S.-based wealth management firms.
FLEX provides access to a diversified portfolio of private equity investments through secondary transactions and co-investments alongside leading sponsors. The fund is structured as a closed-end tender offer fund under the Investment Company Act of 1940, offering features like lower minimum investments, 1099 tax reporting, monthly subscriptions, and quarterly liquidity.
2024 marked the fourth consecutive year of secondary industry volume exceeding $100 billion. Franklin Templeton's alternatives assets represent 15% ($250 billion) of its total $1.68 trillion AUM as of September 30, 2024. Lexington Partners currently manages $72.4 billion in institutional drawdown funds.
Franklin Resources (NYSE: BEN) reported preliminary assets under management (AUM) of $1.58 trillion at December 31, 2024, down from $1.65 trillion in November 2024. The decrease was attributed to negative markets and long-term net outflows of $18.9 billion, which included $38.0 billion of outflows from Western Asset Management, partially offset by reinvested distributions of $17.8 billion.
Excluding Western Asset Management, the company saw long-term net inflows of $19.1 billion. For the quarter ended December 31, 2024, total long-term net outflows were $50.0 billion, with Western Asset Management accounting for $67.9 billion in outflows. The AUM breakdown shows Equity at $620.0 billion, Fixed Income at $469.5 billion, Alternative at $248.8 billion, and Multi-Asset at $174.0 billion.
Franklin Resources [NYSE:BEN] has scheduled its first quarter 2025 operating results announcement for Friday, January 31, 2025, at approximately 8:30 a.m. Eastern Time. A written commentary will be simultaneously available on the company's investor website.
A live teleconference will follow at 11:00 a.m. Eastern Time, led by President and CEO Jenny Johnson, EVP, CFO and COO Matthew Nicholls, and EVP Adam Spector. Investors can access the call through the company website or by dialing dedicated North American and international numbers.
A replay will be available from 2:00 p.m. Eastern Time on January 31 through February 7, 2025. Analysts and investors are advised to review recent SEC filings and contact Investor Relations for any clarifications before the teleconference.
Franklin Templeton has launched a new U.S. brand campaign highlighting its capabilities and innovative solutions for financial professionals. The campaign, running through September 2025, features TV ads on major financial networks, out-of-home advertising in New York metro area offices, and digital channels.
Under the slogan 'Your trusted partner for what's ahead™', the campaign emphasizes the firm's 76-year history while showcasing innovations in:
- Alternative investments
- Canvas® custom indexing platform
- Exchange-traded funds (ETFs)
- Separately managed accounts (SMAs)
The campaign aims to position Franklin Templeton as a comprehensive solutions provider for clients looking to consolidate their asset management relationships. Advertising will appear on CNBC, Bloomberg, and Fox Business, along with premium financial news sites and social media platforms.
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced its distribution details for December 31, 2024. The Fund will distribute $0.0605 per share, sourced entirely from net investment income. For the fiscal year 2024, the cumulative distribution is $0.7260 per share, also fully derived from net investment income.
The Fund's performance metrics show an average annual total return of 1.61% over the five-year period, with an annualized distribution rate of 7.43%. The cumulative total return for the fiscal period through November 30, 2024, stands at 5.93%. The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions at a fixed rate per share.
Franklin Templeton and three of its specialist investment managers have been recognized in the 2024 Best Places to Work in Money Management awards by Pensions & Investments. The company was listed in the Super Employers category (1,000+ employees), while Brandywine Global, Clarion Partners, and ClearBridge Investments were recognized in the Large Employers category (100-499 employees).
The recognition process involved a two-part survey: an evaluation of workplace policies and practices (20% of total evaluation) and an employee survey measuring workplace experience (80%). The company's culture is built on three core principles: Client-centric focus, Collaboration, and Continuous improvement.
This marks the 13th annual survey by Pensions & Investments, which aims to identify top employers in the money management industry. Franklin Templeton participated in the program without paying an entry fee.
Franklin Templeton and three of its specialist investment managers have been recognized in the 2024 Best Places to Work in Money Management awards by Pensions & Investments. Franklin Templeton was honored in the Super Employers category (1,000+ employees), while Brandywine Global, Clarion Partners, and ClearBridge Investments were recognized in the Large Employers category (100-499 employees).
The recognition process involved a two-part survey: an evaluation of workplace policies and practices (20% of total evaluation) and an employee survey measuring workplace experience (80%). The company's culture is founded on three principles: Client-centric focus, Collaboration, and Continuous improvement.
This marks the 13th annual survey by Pensions & Investments, highlighting employers demonstrating strong workplace culture, talent support, and innovation in the money management industry.
Franklin Resources [NYSE:BEN] has announced a quarterly cash dividend of $0.32 per share, marking a 3.2% increase from both the previous quarter and the same quarter last year. The dividend will be paid on January 10, 2025, to stockholders of record at the close of business on December 30, 2024. The company has maintained a consistent track record of raising its dividend annually since 1981.
Franklin Resources (NYSE: BEN) reported preliminary assets under management (AUM) of $1.65 trillion at November 30, 2024, up from $1.63 trillion at October 31, 2024. The increase was driven by positive market performance but was partially offset by preliminary long-term net outflows of $13 billion, including $12 billion from Western Asset Management.
The AUM breakdown shows: Equity at $643.8B, Fixed Income at $515.6B, Alternative at $247.4B, Multi-Asset at $179.0B, and Cash Management at $65.1B. Western Asset Management's AUM decreased to $317 billion from $328 billion, affected by $12 billion in long-term net outflows and $2 billion in cash management net outflows.
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