Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Franklin Resources, Inc. reports developments for Franklin Templeton, a global investment manager serving individual, institutional and wealth clients across public and private markets. News commonly covers assets under management, net flows, earnings, operating results and asset-class activity across equity, fixed income, alternatives, multi-asset and cash management strategies.
Company updates also include product and platform initiatives such as model portfolios, separately managed account-style solutions and private-market access, as well as developments at subsidiaries including Western Asset Management and Fiduciary Trust International. Other recurring themes include global distribution, wealth management expansion, client group leadership and capital actions tied to the company’s NYSE-listed common stock.
On February 2, 2021, Franklin Resources, Inc. (NYSE:BEN) will announce its Q1 2021 operating results at 8:30 a.m. Eastern Time. A written commentary will also be available on the company's investor relations website. Following this, a live teleconference will be held at 11:00 a.m. Eastern Time, featuring key executives including President and CEO Jenny Johnson. Investors can access the teleconference via webcast or phone. Franklin Templeton, a global investment management organization, manages approximately $1.5 trillion in assets as of December 31, 2020.
Franklin Universal Trust [NYSE: FT] has announced a distribution of $0.0320 per share, payable on February 12, 2021, to shareholders of record on January 29, 2021. The Ex-Dividend Date is set for January 28, 2021. Distributions may vary based on the Fund’s net investment income, and past distributions are not indicative of future results. Investors are reminded that all investments carry risks, including potential loss of principal, particularly in bonds sensitive to interest rate fluctuations.
Franklin Limited Duration Income Trust (NYSE: FTF) announced a distribution of $0.0786 per common share, payable on February 12, 2021, to shareholders of record as of January 29, 2021. The Fund operates under a managed distribution plan, committing to a minimum annual fixed rate of 10% based on the average monthly net asset value (NAV). If investment income is insufficient, distributions may include long-term capital gains or return of capital. The Board can amend or terminate the plan at any time, potentially affecting the market price of shares.
The Franklin Limited Duration Income Trust (FTF) has declared a monthly dividend of $0.0776 per common share, payable on January 15, 2021, to shareholders recorded by December 31, 2020. The dividend consists of $0.0139 per share in net investment income and $0.0637 as a return of principal. The Fund operates under a managed distribution plan, promising a minimum annual distribution rate of 10% based on average monthly net asset value. The Board can amend or terminate this plan without notice, which may affect share prices.
Franklin Templeton has expanded its ETF lineup with the launch of the Franklin Exponential Data ETF (XDAT). This ETF aims to capitalize on companies involved in data management, including sectors like cloud computing and 5G. Patrick O’Connor highlighted the shift towards data transformation accelerated by the pandemic, suggesting a lasting impact on business quality. XDAT is actively managed by experienced portfolio managers and is listed on Cboe BZX Exchange. Franklin Templeton's ETF platform manages approximately $11.8 billion globally, focusing on innovative investment solutions.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary month-end assets under management (AUM) of $1,497.9 billion for December 2020, reflecting an increase from $1,466.7 billion in November 2020. Key asset classes contributing to this growth included Fixed Income at $669.7 billion, Equity at $489.3 billion, Multi-Asset at $145.7 billion, and Alternatives at $129.0 billion. The notable AUM increase emphasizes Franklin Templeton's strong investment management capabilities and growing client base across global markets.
Franklin Templeton launched its new Investment Institute, aimed at enhancing research and market insights globally. Stephen Dover has been appointed Chief Market Strategist and will lead the Institute, while Terrence Murphy expands his role as Head of Equities. The Institute will enhance collaboration among investment managers and deliver data-driven insights to clients. With over 1,300 investment professionals and approximately $1.5 trillion in assets under management, Franklin Templeton aims to navigate market uncertainties and cultivate client-focused strategies.
Franklin Templeton has partnered with Vestwell to create a new advisor-managed account solution that enhances how advisors interact with clients. This offering utilizes Franklin Templeton’s Goals Optimization Engine (GOE™) alongside Vestwell’s digital recordkeeping platform to provide a customizable and cost-effective investment experience. It allows advisors to create dynamic investment models for participants, addressing their diverse financial needs and ensuring more personalized advice at various life stages. The solution is set to launch in the first half of 2021.
Fiduciary Trust International has appointed Miles Powell as the new regional managing director and senior relationship manager in Washington, DC. His extensive experience includes over a decade at Wells Fargo Private Bank, focusing on investment and fiduciary services. President Lawrence Sternkopf emphasized the firm's commitment to enhancing their talent pool in a growing market populated by high-net-worth individuals. Powell aims to leverage his expertise to deliver customized wealth management strategies across generations, reinforcing Fiduciary Trust's longstanding reputation in the industry.
Templeton Emerging Markets Income Fund (NYSE: TEI) has declared a monthly distribution of $0.0466 per share, to be paid on January 29, 2021. Shareholders of record as of January 15, 2021 will be eligible, with the ex-dividend date set for January 14, 2021. This distribution reflects the fund's ongoing commitment to returning value to its shareholders from net investment income.