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10.01.2005 22:31:00
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Franklin Resources, Inc. Announces Month-End Assets Under Management
Business Editors
SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 10, 2005--Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE:BEN) today reported preliminary month-end assets under management by the company's subsidiaries of $402.2 billion for the month ended December 31, 2004, compared to $388.9 billion in the preceding month and $336.7 billion in the same month a year ago.
ASSETS UNDER MANAGEMENT Preliminary (In billions) Dec-04 Nov-04 Sept-04 Jun-04 Dec-03 ---------------------------------------------------------------------- Franklin Templeton Investments: Equity: Global/international $155.7 $148.9 $132.9 $128.6 $118.5 Domestic (U.S.) 73.3 70.8 66.4 66.3 63.6 -------------------------------------- Total Equity 229.0 219.7 199.3 194.9 182.1 --------------------------------------
Hybrid 66.5 63.7 59.0 55.9 51.1
Fixed-Income: Tax-free 51.8 51.3 51.3 49.9 52.4 Taxable: Domestic (U.S.) 32.4 32.1 31.3 30.1 32.2 Global/international 16.3 16.0 14.2 13.6 13.1 -------------------------------------- Total Fixed-Income 100.5 99.4 96.8 93.6 97.7 --------------------------------------
Money Market 6.2 6.1 6.8 6.4 5.8
-------------------------------------- Total $402.2 $388.9 $361.9 $350.8 $336.7 ======================================
Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. Additional information about the company's Canadian open-end mutual fund assets and net inflows and outflows will be available on the Investment Funds Institute of Canada web site (ific.ca) on approximately the 15th of each month as part of a Canadian industry-wide release of monthly statistics. The San Mateo, CA-based company has over 50 years of investment experience. For more information, please visit franklintempleton.com or call 1-800/DIAL BEN(R).
Forward-Looking Statements:
Statements in this press release regarding Franklin Resources, Inc.'s business, which are not historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks, uncertainties and other important factors, some of which are listed below, that could cause the actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. These and other risks, uncertainties and other important factors are described in more detail in Franklin's recent filings with the U.S. Securities and Exchange Commission, including, without limitation, the "Risk Factors" section of the Management's Discussion and Analysis of Financial Condition and Results of Operations in Franklin's Annual Report on Form 10-K for the fiscal year ended September 30, 2004.
| -- | Governmental investigations, settlements of such investigations, ongoing and proposed governmental actions, and regulatory examinations of the company and its business activities as described in more detail in the company's press releases and regulatory filings as well as civil litigation arising out of or related to such matters could adversely impact our assets under management, increase costs and negatively impact the profitability of the company and future financial results. |
| -- | Regulatory or legislative actions and reforms, particularly those specifically focused on the mutual fund industry, could adversely impact our assets under management, increase costs and negatively impact the profitability of the company and future financial results. |
| -- | Volatility in the equity markets may cause the levels of our assets under management to fluctuate significantly. |
| -- | Weak market conditions may lower our assets under management and reduce our revenues and income. |
| -- | We face strong competition from numerous and sometimes larger companies. |
| -- | Changes in the distribution channels on which we depend could reduce our revenues and hinder our growth. |
| -- | We face risks associated with conducting operations in numerous foreign countries. |
| -- | Certain of the portfolios we manage, including our emerging market portfolios and related revenues, are vulnerable to market-specific political or economic risks. |
| -- | Our ability to meet cash needs depends upon certain factors, including our asset value, credit worthiness and the market value of our stock. |
| -- | Technology and operating risk and limitations could constrain our operations. |
CONTACT: Franklin Resources, Inc. Holly Gibson Brady, 650-312-4701 (Corporate Comm.) Greta Gahl, 650-312-4091 (Investor Relations) franklintempleton.com
KEYWORD: CALIFORNIA INDUSTRY KEYWORD: BANKING SOURCE: Franklin Resources, Inc.
Copyright Business Wire 2005
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| Franklin Resources Inc. | 19,02 | 0,05% |
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