STOCK TITAN

Legg Mason Partners Money Market Trust - Western Asset Government Reserves - SMTXX STOCK NEWS

Welcome to our dedicated page for Legg Mason Partners Money Market Trust - Western Asset Government Reserves news (Ticker: SMTXX), a resource for investors and traders seeking the latest updates and insights on Legg Mason Partners Money Market Trust - Western Asset Government Reserves stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Legg Mason Partners Money Market Trust - Western Asset Government Reserves's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Legg Mason Partners Money Market Trust - Western Asset Government Reserves's position in the market.

Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,578.1 billion as of December 31, 2021, marking an increase from $1,546.8 billion in November 2021. This growth was driven by long-term net inflows of $24.1 billion and the acquisition of O’Shaughnessy Asset Management. For the quarter ending December 31, 2021, AUM included $23.5 billion in reinvested distributions and $7.7 billion from acquisitions, despite $3.6 billion in redemptions having minimal revenue impact.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

On November 30, 2021, Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,546.8 billion, a decrease from $1,561.7 billion at the end of October 2021. The drop in AUM was primarily due to negative market conditions, offset by long-term net inflows of $7.4 billion, largely attributed to new client accounts from the Investment Grade Credit team. Despite a $3.6 billion multi-asset institutional redemption, overall long-term net flows remained positive.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Franklin Resources reported preliminary month-end assets under management (AUM) of $1,561.7 billion as of October 31, 2021, a rise from $1,530.1 billion in September. This growth was driven by positive market performance, despite slight long-term net outflows. The reclassification of asset classes contributed to this change, resulting in a $16.1 billion net increase in Equity AUM and a $14.1 billion net decrease in Fixed Income AUM. Overall, the company continues to focus on integrating its recent acquisitions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,530.1 billion as of September 30, 2021, down from $1,572.1 billion at August 31, 2021. This decline was due to market depreciation and slight long-term net outflows, including a $2 billion fixed income institutional redemption. For the quarter, AUM fell by $9.9 billion, influenced by redemptions in the company's products, particularly $5.4 billion from a 529 plan.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,572.1 billion as of August 31, 2021, up from $1,557.3 billion at the end of July 2021. This increase was driven by market performance and stable long-term net flows, despite $400 million of outflows from non-management-fee-earning credit funds in India undergoing liquidation. AUM in fixed income, equity, multi-asset, and alternatives showed consistent growth during this period.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Legg Mason Partners Money Market Trust - Western Asset Government Reserves

NYSE:SMTXX

SMTXX Rankings

SMTXX Stock Data