The decrease in assets under management was attributable to net outflows and net market change
SAN MATEO, CA (STL.News) – Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) Thursday, August 8th reported preliminary month-end assets under management of $709.5 billion at July 31, 2019, compared to $715.2 billion at June 30, 2019. The decrease in assets under management was attributable to net outflows and net market change. Preliminary average assets under management for the quarter, through July 31, 2019, were $712.4 billion.
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 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.
NOTE: This is NOT the complete report.