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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) reported preliminary assets under management (AUM) of
Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of
Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of
AdvisorEngine has announced the hiring of three key leaders: George Tamer as Head of Sales, Suleman Din as Advisor Intelligence Lead, and Christina Esfehani as Head of Product Marketing. This move supports the company’s goal to add 25 new hires in the upcoming year, reflecting its commitment to enhancing client services. Tamer brings 25 years of wealth management expertise; Din is set to develop thought leadership in digital wealth management; and Esfehani aims to sharpen product communication. These additions signal a strategic effort to strengthen AdvisorEngine's position in the competitive market.
Franklin Resources, Inc. (NYSE:BEN) announces its acquisition of O’Shaughnessy Asset Management (OSAM), enhancing its position in the separately managed account (SMA) sector. With $130 billion in SMA assets under management, this acquisition adds OSAM’s $6.4 billion AUM and innovative Canvas® platform, supporting factor-based and custom indexing solutions. The deal is expected to improve client services through tailored investment strategies and is set to close in Q4 2021, pending customary conditions.
Benefit Street Partners Realty Trust has announced a third quarter 2021 common dividend of $0.355 per share, payable on October 1, 2021. This dividend benefits stockholders of record as of September 30, 2021. Additionally, the company is in the process of a merger with Capstead Mortgage Corporation, under an agreement dated July 25, 2021. The SEC has declared the registration statement effective as of September 3, 2021. Both companies encourage stockholders to review the relevant documents thoroughly for significant details regarding the merger.
Fiduciary Trust International, a wealth management subsidiary of Franklin Templeton, has appointed Michael A. Bayles as a senior portfolio manager in New York. Bayles joins from Wells Fargo, where he held significant roles for over a decade. He is experienced in managing portfolios for high-net-worth clients and is a CFA charterholder. The company emphasizes the importance of having knowledgeable teams to meet evolving client needs. Fiduciary Trust International has been expanding its team recently, indicating ongoing growth and commitment to client service.
Franklin Resources, Inc. (NYSE:BEN) has acquired the US-based Investment Grade Credit team from Aviva Investors, which includes senior portfolio managers Josh Lohmeier and Michael Cho. This team manages over $7.5 billion in assets across various credit strategies. The acquisition aims to enhance Franklin Templeton Fixed Income's capabilities, particularly in investment grade credit and institutional client solutions. Tom Meyers has been appointed as SVP, Senior Director of Investments and Strategy Development, focusing on expanding Franklin Templeton's reach and offerings in the institutional market.
Legg Mason Partners Fund Advisor, LLC has announced the monthly distributions for its closed-end funds under the managed distribution policy for October and November 2021. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute
Franklin Limited Duration Income Trust (FTF) announced a distribution of $0.0770 per common share, payable on October 15, 2021, for shareholders of record on September 30, 2021. The Fund has adopted a managed distribution plan, intending to provide a 10% annual fixed rate based on the prior month's average net asset value (NAV). However, distributions may include returns of capital or long-term capital gains if investment income is insufficient. The Board may amend or terminate the plan without prior notice, and it could adversely affect the market price of the Fund's shares.
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