Franklin Resources (BEN) reported preliminary month-end assets under management of $1.67T at November 30, 2025, compared to $1.68T at October 31, 2025. This month’s preliminary AUM reflected flat long-term flows, inclusive of $1B of long-term net outflows at Western Asset Management, and the impact of positive markets. Excluding Western Asset Management, preliminary long-term net inflows were $1B.
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