Franklin Resources (BEN) reported preliminary month-end assets under management of $1.68T at December 31, 2025, compared to $1.67T at November 30, 2025. This month’s increase in preliminary AUM reflected long-term net inflows of $28B, inclusive of reinvested distributions of $26B, the impact of net market, distributions and other, and $1B of long-term net outflows at Western Asset Management. Excluding Western Asset Management, preliminary long-term net inflows were $29B.
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