Deutsche Bank Downgrades Franklin Resources (BEN) to Sell

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Franklin Resources, Inc. Announces Month-End Assets Under Management

November 8, 2016 5:13 PM EST

SAN MATEO, CA -- (Marketwired) -- 11/08/16 -- Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE: BEN) today reported preliminary month-end assets under management by the company's subsidiaries of $723.0 billion at October 31, 2016, compared to $733.3 billion at September 30, 2016, and $801.1 billion at October 31, 2015.

ASSETS UNDER MANAGEMENT Preliminary (In billions) 31-Oct-16 30-Sep-16 30-Jun-16 31-Mar-16 31-Oct-15 ---------------------------------------------------------------------------- Franklin Templeton Investments: Equity: Global/ international $ 196.7 $ 200.4 $ 195.7 $ 204.7 $ 223.5 United States 99.0 103.3 101.1 99.5 105.3 ---------- ---------- ---------- ---------- ---------- Total equity 295.7 303.7 296.8 304.2 328.8 ---------- ---------- ---------- ---------- ---------- Hybrid 135.2 137.4 135.0 132.6 144.4 Fixed Income: Tax-free 75.7 76.5 76.1 73.6 71.8 Taxable: Global/ international 157.3 156.2 165.3 172.8 190.6 United States 52.8 53.4 52.8 53.2 58.6 ---------- ---------- ---------- ---------- ---------- Total fixed income 285.8 286.1 294.2 299.6 321.0 ---------- ---------- ---------- ---------- ---------- Cash Management 6.3 6.1 6.1 6.2 6.9... More