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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.
Transamerica has been selected by Franklin Templeton as the recordkeeper for its new retirement plan solution, the Franklin Templeton Group Plan Solution, aimed at small to mid-size businesses. This partnership allows employers to access group pricing and professional fiduciary services through DWC and LeafHouse Financial. The collaboration seeks to enhance retirement plan coverage and streamline operations for HR departments, enabling them to focus on their core responsibilities. The plan meets various ERISA requirements at the individual plan level.
Franklin Resources, Inc. (NYSE:BEN) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021. CEO Jenny Johnson and CFO Matthew Nicholls are scheduled to speak at approximately 1:40 p.m. ET. Investors can access the live video webcast through the "Investor Relations" section of Franklin's website, with a replay available post-event. Franklin Templeton, with over 70 years of experience and more than $1.5 trillion in assets under management, serves clients in over 165 countries, focusing on investment and wealth management solutions.
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced its distribution plan, detailing estimated sources for its upcoming payment on
The Templeton Global Income Fund (NYSE: GIM) announced its estimated sources of distributions for November 30, 2021. The monthly distribution is set at
On November 19, 2021, the Board of Trustees for the Legg Mason Global Infrastructure ETF (NASDAQ:INFR) approved plans to liquidate the Fund. The liquidation will take place around February 3, 2022. Following the close of business on January 5, 2022, the Fund will cease to accept creation orders. Trading will halt before market open on January 28, 2022, with shareholders receiving liquidation proceeds by February 3, 2022. Shareholders should consult tax advisers regarding the tax implications of this liquidation.
Legg Mason Partners Fund Advisor has announced distributions for its closed-end funds under a managed distribution policy for December 2021, January, and February 2022. The Western Asset Inflation-Linked Income Fund (WIA) will distribute $0.93900 per share in December, comprised of a $0.03900 regular and $0.90000 special distribution. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute $0.54850 per share, including a $0.04850 regular and $0.50000 special distribution. All distributions are subject to adjustments by the Board of Trustees.
Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of
Fiduciary Trust International, a subsidiary of Franklin Templeton, plans to open a new office in Atlanta, GA in early 2022. This expansion aims to enhance its presence in the Southeast, complementing existing teams in Florida and Washington, DC. Led by David W. Edmiston, the firm seeks to leverage regional growth opportunities, particularly among high-net-worth and ultra-high-net-worth clients. With over $98 billion in assets under management, Fiduciary Trust emphasizes a personalized wealth management service, drawing on nearly 90 years of experience.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Julio A. Lacayo and Emily Morris as wealth directors in Washington, DC. This addition aims to enhance the firm's expertise in addressing high-net-worth clients' needs, particularly concerning concerns related to higher taxes. Lacayo, with past experience at Truist, and Morris, a Certified Financial Planner, bring a wealth of knowledge to the firm. Fiduciary Trust International currently manages over $98 billion in assets.
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