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With a market cap of around $11 billion, Franklin Resources, Inc. (BEN) is a global investment management firm. The San Mateo, California-based company provides various investment solutions, including mutual funds, institutional accounts, and asset management services under various brands.
Shares of the investment manager have significantly underperformed the broader market over the past 52 weeks. BEN has declined 9.5% over this time, while the broader S&P 500 Index ($SPX) has rallied 31.3%. In 2024, shares of BEN are down 27.6%, compared to SPX’s nearly 20% gain on a YTD basis.
