Franklin Resources (BEN) reported preliminary month-end assets under management of $1.53T at April 30, compared to $1.54T at March 31. This month’s AUM reflected the impact of preliminary long-term net outflows of $10B, inclusive of $10B of long-term net outflows at Western Asset Management, partially offset by the positive impact of FX. Excluding Western Asset Management, preliminary long-term net inflows were flat.
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