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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.
Fiduciary Trust International, part of Franklin Templeton, has appointed Amy Ko as regional managing director for Northern California. Ko, a seasoned wealth advisor, aims to strengthen client relationships and enhance services in the region, which has seen significant growth for the firm. Since joining in November 2020, she has worked with various professionals, particularly in technology and life sciences sectors. Fiduciary Trust International has a history of strong roots in Northern California, managing assets worth $98 billion as of March 31, 2022.
The Templeton Global Income Fund (NYSE: GIM) announced the filing of a Stipulation and Proposed Order with the U.S. District Court for the Southern District of New York to resolve their request for a temporary restraining order. This concerns the certification of results from the Fund's Annual Meeting held on June 6, 2022. The agreement prevents certification of the meeting results and the seating of Saba Capital Management's nominees until the Court rules on the Fund's request for injunctive relief. The Fund alleges that Saba made undisclosed arrangements to pay a premium to a large institutional shareholder before the meeting.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Abby Axelrod as the philanthropic director for family office services, foundations, and endowments. With extensive experience in nonprofit and family foundation sectors, Axelrod aims to enhance the firm's nationwide philanthropic strategy and support. She previously held key roles in charitable giving and consulting and is recognized in the nonprofit community. The firm, managing over $98 billion in assets, focuses on strategic wealth planning, investment management, and trust services.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Peter Niedland, CFA, as a managing director and senior portfolio manager in its Radnor office. With over 29 years in finance, Niedland's expertise includes investing in small public companies. He previously worked at Maplewood Capital and Turner Investments. The firm, which manages over $98 billion in assets, aims to enhance its client services in the Philadelphia market by adding skilled investment experts.
Franklin Templeton released a new insights paper addressing the challenges in the food and agriculture sector due to climate change and geopolitical tensions. The report highlights that food prices have surged over 30% due to the Ukraine war and COVID-19-induced inflation, costing an additional
Templeton Global Income Fund (NYSE: GIM) has filed a complaint in the Southern District of New York against Saba Capital Management, alleging undisclosed agreements before its Annual Meeting on June 6, 2022. The complaint claims Saba secretly incentivized a large institutional shareholder's vote in favor of its nominees, violating federal securities laws requiring full disclosure to shareholders. The Fund seeks a new vote, allowing shareholders to make informed decisions based on complete information about Saba's conduct.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.29 per share, payable on July 15, 2022. This amount matches the previous quarter's dividend and marks an approximate 4% increase compared to the same quarter last year. As of April 30, 2022, the company holds approximately $1.5 trillion in assets under management and boasts over 75 years in investment experience with operations in over 155 countries.
Fiduciary Trust International, part of Franklin Templeton, has announced Julie Strong Karnavas as the new regional managing director for Pennsylvania. Karnavas, previously director of portfolio and relationship management, will also remain active as a senior portfolio manager. The Radnor office has bolstered its team, growing its services since acquiring Pennsylvania Trust Company in May 2020. The firm has seen increased client referrals and assets despite market uncertainties, emphasizing a strong commitment to client relationships.
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of
Supported by a managed distribution plan, the Fund aims for an annual minimum fixed rate of 10% based on the average monthly net asset value. However, actual distributions may include returns of capital, which do not reflect performance.
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