Janus, Franklin See Assets Rise in May

In spite of its gains, Franklin warned that continued volatility in the equity markets has caused the firm’s assets to fluctuate significantly and might cause assets to fall in the future. Further, the firm said it faces "strong competition from numerous and sometimes larger companies" and that changes in distribution channels might hinder growth. "We face risks associated with conducting operations in numerous foreign countries. Our emerging market portfolios and related revenues are vulnerable to market-specific political and economic risks," Franklin added.