Franklin Resources reports preliminary AUM $1.68T at March 31

Franklin Resources (BEN) reported preliminary month-end assets under management of $1.68T at March 31, compared to $1.73T at February 28. This month’s decrease in preliminary AUM reflected the negative impact of markets, partially offset by long-term net inflows of $5B, inclusive of $1B of long-term net outflows at Western Asset Management1. Excluding Western Asset Management, preliminary long-term net inflows were $6B.