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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 OnChain U.S. Government Money Fund (FOBXX), the first U.S.-registered mutual fund utilizing blockchain technology, is now supported on the Polygon blockchain, enhancing its operational efficiency.
Franklin Templeton reports improved security, faster transactions, and reduced costs for Fund shareholders through the blockchain-integrated system. The Fund invests at least 99.5% of its assets in government securities, aiming for stability with a $1.00 share price.
By integrating with the Ethereum ecosystem, the Fund expands its reach and offers competitive yields to investors. Token holders can access the Fund via the Benji Investments app, while the Polygon infrastructure facilitates wider access to digital assets.
Franklin Templeton has launched the Franklin OnChain U.S. Government Money Fund (FOBXX), the first U.S.-registered mutual fund using the Stellar blockchain for transactions and share ownership. As of March 31, 2023, the fund has surpassed $270 million in assets under management. This innovative product integrates blockchain technology with traditional funds, enhancing transparency and reducing operational costs. The Fund invests at least 99.5% of assets in government securities, maintaining a stable $1.00 share price. Investors can access the Fund via the Benji Investments app, with each share represented by a BENJI token. The initiative reflects a significant shift toward blockchain within investment management.
Franklin Resources, Inc. (NYSE:BEN) is set to release its second-quarter operating results on May 1, 2023, at 8:30 a.m. Eastern Time. A written commentary will accompany the results, available at the investor site. The company will host a live teleconference at 10:00 a.m. Eastern Time, featuring key executives, including President and CEO Jenny Johnson. The teleconference can be accessed via the investor site or through two dedicated phone lines for North America and international participants. A replay will be available until May 7, 2023. As of March 31, 2023, Franklin Resources managed approximately $1.4 trillion in assets and serves clients in over 155 countries, emphasizing their experience and global reach.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary month-end assets under management (AUM) of
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