The firms assets under management at the end of 2001 stood at $266.29 billion, up 17% from the end of 2000 when the firm managed $226.91 million, Franklin said. Fixed-income, money market and hybrid funds all had an increase in assets. Hybrid funds experienced the biggest jump moving from $10.1 billion at the end of 2000 to $38.6 billion at the end of 2001. Consequently, those funds now account for 14% of the Franklins total assets under management. Last year, they accounted for just 4%.
As expected, equity fund assets fell, dropping 3.6% from the end of 2000 to $141.1 billion. Somewhat surprisingly, however, that decline came from global/international funds, which dropped by $7 billion in 2001. Domestic fund assets actually increased by $1.7 billion, according to Franklin.
