Key insights
- Franklin Resources reported a decrease in AUM from $1.73T to $1.68T in March, driven by negative market impacts, though partially offset by $5B in long-term net inflows. Excluding Western Asset Management, inflows were $6B for March and $21B for the quarter. Equity and fixed income AUM decreased, while alternative investments increased. The slight negative influence reflects potential investor caution amid market volatility.
Franklin Resources, Inc. (BEN) reported preliminary assets under management of $1.68 trillion at March 31, 2026, down from $1.73 trillion at February 28, 2026. The monthly decline reflected negative market impacts, partially offset by long-term net inflows of $5 billion.
The company recorded $1 billion in long-term net outflows at Western Asset Management during March. Excluding Western Asset Management, preliminary long-term net inflows totaled $6 billion for the month.
For the quarter ended March 31, 2026, Franklin Resources recorded preliminary long-term net inflows of $17 billion, including $4 billion in long-term net outflows at Western Asset Management. Excluding Western Asset Management, long-term net inflows reached $21 billion for the quarter. Preliminary average AUM for the quarter was $1.70 trillion.
By asset class at March 31, equity AUM totaled $669.6 billion, down from $722.0 billion in February. Fixed income AUM decreased to $433.9 billion from $444.4 billion. Alternative investments reached $280.0 billion, up from $277.2 billion, while multi-asset AUM declined to $208.7 billion from $210.0 billion.
Cash management AUM increased to $87.8 billion from $80.9 billion in February. Western Asset Management had preliminary AUM of $223 billion at March 31, compared to $222 billion at February 28.
Alternative AUM at March 31 included $1 billion in aggregate realizations and distributions for the month and $4 billion for the quarter, according to the press release statement.