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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 Resources, Inc. (NYSE: BEN) has partnered with FIS to enhance its global transfer agency services. As a result, FIS will operate Franklin Templeton's transfer agent function, improving client service and operational efficiency. The transition will affect approximately 1,450 employees, providing them opportunities within FIS or a redesigned Franklin Templeton team. This strategic move aims to streamline operations post the acquisition of Legg Mason, allowing clients easier access to fund transactions. Franklin Templeton manages $1.56 trillion in assets globally.
Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of distributions for the fiscal year 2021, with a distribution per share of
Franklin Universal Trust (NYSE: FT) announced its estimated distribution sources for the monthly payment scheduled on
Franklin Resources, Inc. (NYSE:BEN) appointed Adele Taylor as Senior Vice President and Lead of Corporate Strategy and Corporate Development, effective November 1. Taylor, who has over a decade of experience at McKinsey & Company, will enhance Franklin Templeton's strategic direction in investment management. The firm aims to capitalize on growth opportunities and integrate new technologies under Taylor's leadership. Franklin Templeton serves clients in over 165 countries and manages over $1.5 trillion in assets as of September 30, 2021.
Templeton Global Income Fund [NYSE: GIM] announced a monthly distribution of
Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of
Franklin Resources (NYSE:BEN) has announced the acquisition of Lexington Partners, a leading manager in secondary private equity and co-investment funds, for
Franklin Resources, Inc. (NYSE: BEN) reported preliminary net income of $665.7 million or $1.30 per diluted share for Q4 FY2021, up from $438.4 million or $0.86 per diluted share in Q3 FY2021 and $78.9 million or $0.15 in Q4 FY2020. For FY2021, net income reached $1,831.2 million or $3.57 per diluted share versus $798.9 million or $1.59 the previous year. Operating income was $531.5 million for the quarter and $1,875.0 million for the year. AUM decreased by 1% to $1,530.1 billion during the quarter but rose 8% year-over-year.
Templeton Global Income Fund (GIM) has announced estimated sources for its distribution set for
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