Franklin Resources has reported (free registration required) assets under management of $879.1 billion as of Dec. 31, up 4% from the end of the previous quarter and up 12% from a year earlier. The gain in assets came entirely from $36 billion in market appreciation.
Franklin reported equal inflows and outflows, compared to $2.7 billion in net outflows the prior quarter. For the year, Franklin had $24 billion in net inflows and $77.3 billion in market appreciation. As of Dec. 31, Franklin Resources had $513.5 billion AUM in equity and hybrid strategies, $359 billion in fixed income and $6.6 billion in cash management.
