SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,552.1 billion at June 30, 2021, compared to $1,543.5 billion at May 31, 2021. This month’s increase in AUM primarily reflected the positive impact of markets, partially offset by long-term net outflows, inclusive of two equity redemptions (a $3.7 billion sub-advised mutual fund outflow and a $2.2 billion institutional redemption that had minimal impact on revenue). Fixed Income flows included approximately $400 million of outflows from the non-management-fee-earning India credit funds that are in the process of liquidation.1
For the quarter ended June 30, 2021, AUM reflected market gains offset by long-term net outflows of $6.6 billion inclusive of the two equity redemptions mentioned above and $1.2 billion of outflows from our closed India credit funds that were non-management-fee earning. Reinvested distributions for the quarter were $3.2 billion.
By Asset Class:
(In USD billions) | Preliminary | ||||||||
30-Jun-21 |
| 31-May-21 |
| 31-Mar-21 |
| 31-Dec-20 |
| 30-Jun-20 | |
Fixed Income1 | $658.1 |
| $654.3 |
| $642.3 |
| $669.9 |
| $211.3 |
Equity | 536.9 |
| 535.9 |
| 511.9 |
| 495.7 |
| 235.8 |
Multi-Asset | 153.0 |
| 154.1 |
| 148.2 |
| 141.1 |
| 118.5 |
Alternative | 140.8 |
| 135.4 |
| 131.1 |
| 127.1 |
| 46.8 |
Long Term: | 1,488.8 |
| 1,479.7 |
| 1,433.5 |
| 1,433.8 |
| 612.4 |
Cash Management | 63.3 |
| 63.8 |
| 65.4 |
| 64.2 |
| 10.4 |
Total | $1,552.1 |
| $1,543.5 |
| $1,498.9 |
| $1,498.0 |
| $622.8 |
1 Following the approximately $400 million outflow, the remaining AUM in our India credit funds was $1.3 billion as of June 30, 2021. |
About Franklin Templeton
Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience. The company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.
Forward-Looking Statements
The financial results in this press release are preliminary. Some of the statements herein may include forward-looking statements that reflect our current views with respect to future events and financial performance. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as “anticipate, “believe,” “could,” “depends,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “potential,” “preliminary,” “seek,” “should,” “will,” “would,” or other similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.
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These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020 and our subsequent Quarterly Reports on Form 10-Q:
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Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Matt Walsh (650) 312-2245, matthew.walsh@franklintempleton.com investors.franklinresources.com
Source: Franklin Resources, Inc.