Franklin Templeton's quarterly profit rises on strong inflows

April 28 (Reuters) - ‌Investment manager ​Franklin ​Resources, better known as Franklin Templeton, reported a ‌jump in second-quarter profit on Tuesday, ⁠helped by strong inflows that lifted ‌its fee income.

Inflows ‌boost assets under management, helping managers earn steady fees even in ​weak or volatile markets.

Here are some details:

• Franklin Templeton's ⁠assets under management stood at $1.68 trillion at the ​end of the second quarter, up 9% from a year ​ago.

• Total long-term ‌net inflows rose to $16.9 billion, compared with a net ⁠outflow of $26.2 billion a year ago.

• The company's total investment management ⁠fees - the largest contributor to its total ​operating revenue - rose 9% to $1.82 billion during the quarter.

• Excluding one-time costs, the ‌company earned $384.5 million, or 71 cents per share, ‌compared with $254.4 million, or 47 ⁠cents per share, ‌a year ​earlier.

(Reporting by Pragyan Kalita in Bengaluru; Editing by Maju ‌Samuel)

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