The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Franklin Confirms July Wilt Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 09, 2002

Franklin Confirms July Wilt

by: Sean Hanna, Editor in Chief

The good news reported by Franklin Resources is that it apparently suffered no worse than anyone else in July. The San Mateo-based fund firm said assets in its equity funds fell 8.9 percent in July. Roughly half (50.2 percent) of the assets at Franklin are held in equity funds. That is proportion is down from 53.8 percent a year ago.

The fall in the firm's equity assets is inline with the July decline in the stock market. That implies that Franklin did not see massive shareholder redemptions. Rumors of fund redemptions fed the market decline in July, but those rumors have not been backed-up by reports from fund firms themselves.

Overall assets at the Franklin and its affiliates declined 4.6 percent during the month, according to its preliminary report.

During July the S&P 500 index fell 7.8 percent. The S&P 500/Value sub index decline 10.81 percent during the month.

Total assets under management at Franklin affiliates fell to $257.9 billion for the month ended July 31, 2002, compared to $270.4 billion in the preceding month and $266.6 billion in the same month a year ago.

Franklin Templeton Investments:
Assets Under Management (In billions)
  • Global/ international
  • $86.0$93.6$93.9$89.4$91.3
  • Domestic
  • 43.548.553.251.752.3
    Total Equity129.5142.1147.1141.1143.6
  • Domestic
  • 25.324.724.625.124.1
  • Global/ international
    Total Fixed-Income84.783.381.080.879.2
    * Preliminary
    Source: Franklin Resources

    Stay ahead of the news ... Sign up for our email alerts now

     Do You Recommend This Story?

    GO TO: MFWire
    Return to Top
     News Archives
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly

    ©All rights reserved to InvestmentWires, Inc. 1997-2019
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use