Global investment firm Franklin Resources, Inc. (BEN) offers wealth management, technology and multi-asset solutions, and investment management to individuals, institutions, pension plans, trusts, and partnerships. An improved long-term net flow across all asset classes and strategic investment in key areas to expand its custom solutions capabilities has garnered significant investor attention. Its total assets under management (AUM) were up 3% during the first quarter of 2022 due to $24.1 billion of long-term net inflows.
The stock has declined 17.4% over the past three months to close its last trading session at $27.83. Russia’s invasion of Ukraine has caused damage to BEN’s Western Asset Core Plus Bond Fund, which held $484 million in Russian bonds.
