The assets under management of
Franklin Templeton [see profile] parent
Franklin Resources rose 5.18 percent last month, to $694.1 billion on October 31. The San Mateo, California-based mutual fund firm
released its monthly AUM data yesterday. Meanwhile, the S&P 500 jumped 10.77 percent over the same time period.
44.39 percent ($308.1 billion) of Franklin's AUM on October 31 was in various fixed income products, as opposed to hybrid, equity or cash ones. And of its equity assets, 73.15 percent ($206.2 billion) come from global or international equities, not U.S. ones.
Franklin's October 31, 2011 AUM also climbed 4.49 percent year-over-year, as the S&P 500 climbed 5.92 percent. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE