Shares of Franklin Resources, Inc. jumped 6.8% after quarterly results showcased a significant acceleration in long-term net inflows, led by robust performance across private and public markets. Investors responded favorably to record gross sales, diversified growth drivers, and strong fundraising in alternatives, positioning the company ahead of its multiyear targets.
- Long-term net inflows reached $16.9 billion for the quarter, driven by contributions from private markets, retail SMAs and Canvas, ETFs, and solutions.
- Gross sales hit record levels across all asset classes, underlining broad client demand.
- Alternatives AUM grew to $283 billion, with $14.3 billion in alternative fundraising this quarter and private market fundraising YTD already at $22.7 billion.
- Multi-asset AUM totaled $207 billion with $9.5 billion in net inflows, marking the nineteenth consecutive quarter of positive flows in that segment.
- Institutional won-but-unfunded mandates remained stable at $20.2 billion, supporting continued future growth.
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