Franklin Resources reports AUM of $1.37T at September 30

Franklin Resources reported preliminary month-end assets under management of $1.37T at September 30, 2023, compared to $1.42T at August 31, 2023. This month’s decrease in AUM reflected the impact of negative markets and slight long-term net outflows. For the quarter ended September 30, 2023, AUM reflected the negative impact of markets and long-term net outflows of $6.9B which include the previously disclosed $2.1B low-fee institutional redemption.