MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 28, 2005 Franklin's Earnings In-Line Franklin Resources met analysts' expected earnings estimates for the first quarter, reporting $0.92 per diluted share, or net income of $240.0 million. Total assets under management increased 11 percent to $402.2 billion from $361.9 billion in the last quarter. Of total AUM, retail assets made up 61 percent of total assets and international and institutional assets made up 39 percent. Retail assets grew from $224.3 billion at the end of the fourth quarter to $246.5 billion, a jump of 10 percent. International and institutional assets increased 13.2 percent quarter-over-quarter, from $137.6 billion to $155.7 billion. In terms of asset class, the percentage of total AUM in equity increased from 55 percent last quarter to 57 percent this quarter; fixed-income assets dropped from 27 percent of total AUM to 25 percent; and hybrid account assets increased from 16 percent of total assets to 17 percent of total assets. Printed from: MFWire.com/story.asp?s=9581 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |