Franklin Templeton Investments reported that preliminary month-end assets under management by the company’s subsidiaries reached $725.7 billion at March 31.
That’s a 0.23% decrease from February, but up 3.2% from a year ago.
Meanwhile, total equity assets reached $299.9 at March 31, down 0.4% from February as well as down 2.9% from a year ago. Global/international equities were at $216.2 billion, down 1.3% from February and 4% from a year ago. U.S. equity assets were at $83.7 billion, up 2.07% from February and 0.24% from a year ago.
Franklin’s hybrid assets were at $103.9 billion at the end of March, up 1.2% from February and down 8.4% from a year ago.
Total fixed income was at $316.5 billion, down 0.2% from February, up 15%. Global/international debt was $187.7 billion, down 0.6% from February, but up 17% from a year ago.
Tax free fixed income was at $77.3 billion, unchanged from February, but up 14.5% from a year ago.
Cash management was at $5.7 billion, down 11% from Febuary and 5% from a year ago.
Tommy Fernandez writes for Money Management Executive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access