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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.
Benefit Street Partners, a subsidiary of Franklin Templeton, has appointed Leon Han as Managing Director in the private debt group. Han will spearhead BSP's origination efforts in the software and technology sectors. Thomas Gahan, BSP CEO, emphasized the significance of this hire, citing Han's extensive credit investment experience and valuable relationships. BSP manages approximately $39 billion in assets under management and focuses on various credit strategies, reinforcing its commitment to expanding its software franchise.
Franklin Resources, Inc. [NYSE:BEN] has appointed Sandy Kaul as Senior Vice President to enhance advisory consulting and thought leadership at the Franklin Templeton Institute. With over 25 years of experience from Citi, Kaul is set to provide insights into the evolving investment landscape. This move aims to support Franklin Templeton's commitment to innovation and enhance client service through strategic insights, particularly regarding digital assets and industry advancements. Kaul's expertise will help navigate transformative changes impacting the investment sector.
Fiduciary Trust International, a subsidiary of Franklin Templeton, announces the hiring of Philip Jodz as senior relationship manager in Radnor, PA. Jodz, with nearly 20 years of industry experience, will enhance the firm's services to ultra-high net worth clients, family offices, and non-profits. His expertise in integrated wealth management aligns with the firm's commitment to meeting multi-generational client needs. Fiduciary Trust International manages over $102 billion in assets. This strategic hire aims to strengthen client relationships in the Philadelphia region.
Clarion Partners Real Estate Income Fund Inc. has enhanced its portfolio by acquiring the Fusion Life Science HQ in Carlsbad, CA, totaling 121,541 square feet. This acquisition marks CPREIF's entry into the San Diego life sciences market, driven by a significant uptick in demand for laboratory space, which grew by 24% in 2021. The property is fully leased to Alphatec Spine, Inc. until January 2031 and features modern amenities. This acquisition represents 5% of CPREIF's portfolio, aiming to capitalize on the growing life sciences sector in a leading innovation hub.
Franklin Resources, Inc. (NYSE:BEN) will release its second quarter operating results on May 3, 2022, at 8:30 a.m. Eastern Time. A commentary on these results will be available on the company's investor relations website. Following the release, a teleconference led by President and CEO Jenny Johnson and other executives will take place at 11:00 a.m. Eastern Time for investors and analysts to ask questions. Access information for the teleconference and a replay option will also be provided. Franklin Resources manages approximately $1.5 trillion in assets.
Eagle Life Insurance Company has announced enhancements to its fixed index annuity portfolio, introducing two new indices and a Performance Rate Rider aimed at increasing growth potential and diversification. The new indices include the Franklin Global Trends Index, which offers global asset class diversification, and the Invesco Dynamic Growth Index, focusing on U.S. equities and bonds across economic cycles. The Performance Rate Rider allows clients to increase participation rates, potentially enhancing interest credited to their annuities. These changes are designed to enrich clients' retirement savings experience.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,477.5 billion as of March 31, 2022, down from $1,486.9 billion on February 28, 2022. The decline was primarily due to $11.7 billion in long-term net outflows and market impacts. On April 1, 2022, Franklin Templeton completed the acquisition of Lexington Partners, adding $57 billion in AUM. AUM is detailed across various asset classes, indicating varying trends.
Franklin Universal Trust (FT) announced a monthly distribution of
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