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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.
Western Asset Inflation-Linked Opportunities & Income Fund announces changes in its portfolio management team, effective May 1, 2024. John Bellows is no longer a portfolio manager, while a new team comprising Michael Buchanan, Ken Leech, Chia-Liang Lian, and Frederick Marki takes over. The Fund's share prices fluctuate with market conditions and may trade at a discount to their net asset value, posing risks for investors.
Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, welcomes Edward J. Mooney as managing director and financial planning director. Mooney's industry experience will enhance the firm's financial planning solutions, setting new industry standards and elevating client experience. His expertise in investments, wealth succession, estate and tax planning, and charitable structures will benefit high-net-worth individuals and families.
ClearBridge Investments, with $188B in assets under management, released its seventh annual Stewardship Report, focusing on ESG factors in its investment process for over 35 years. The report highlights top scores in PRI assessment, updates to its ESG policy, proxy voting activities, net zero alignment, diverse and inclusive culture, and contributions to U.N. SDGs.
Western Asset Inflation-Linked Opportunities & Income Fund (WIW) has announced the sources of distributions to be paid on April 30, 2024, and for the fiscal year 2024 year-to-date. The estimated allocations and distribution breakdown indicate a return of capital may be included. Shareholders should not infer the Fund's investment performance solely from the distribution amount. The Fund has a managed distribution policy that seeks to provide long-term total return potential through regular monthly distributions.
Franklin Templeton's Margaret King was recognized as a 2024 Volunteer of the Year by Junior Achievement of Northern California, a global charity partner of the firm. Employee volunteers like King help provide work readiness, entrepreneurship, and financial literacy education to students. King was honored at the JA Virtual Hall of Fame event in April, expressing her excitement to educate and inspire the next generation of financial and technology leaders.
Franklin Resources, Inc. (NYSE: BEN) reported net income of $124.2 million for Q2 2024, a decrease from the previous quarter. Operating income was $129.3 million. Adjusted net income was $306.6 million. AUM increased to $1,644.7 billion, with positive net flows. The acquisition of Putnam Investments expanded investment capabilities. Despite a decline in operating income, the Company remains focused on growth and innovation.
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