SAN MATEO, CA, Jan 10, 2012 (MARKETWIRE via COMTEX) --Franklin Resources, Inc. (Franklin Templeton Investments) (NYSE:
BEN) today reported preliminary month-end assets under management by
the company's subsidiaries of $670.3 billion at December 31, 2011,
compared to $675.8 billion at November 30, 2011, and $670.7 billion
at December 31, 2010.
ASSETS UNDER MANAGEMENT
Preliminary
(In billions) 31-Dec-11 30-Nov-11 30-Sep-11 30-Jun-11 31-Dec-10
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Franklin Templeton
Investments:
Equity:
Global/
international $ 194.5 $ 198.7 $ 185.8 $ 226.2 $ 219.1
United States 75.7 75.5 68.4 83.6 77.0
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Total equity 270.2 274.2 254.2 309.8 296.1
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Hybrid 96.4 94.6 101.3 115.1 106.1
Fixed-Income:
Tax-free 74.1 72.3 72.0 69.6 71.4
Taxable:
Global/
international 174.7 179.4 178.8 185.4 144.7
United States 48.9 48.1 46.9 48.1 45.9
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Total fixed-
income 297.7 299.8 297.7 303.1 262.0
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Cash Management 6.0 7.2 6.7 6.2 6.5
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Total $ 670.3 $ 675.8 $ 659.9 $ 734.2 $ 670.7
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Franklin Resources, Inc. is a global investment management
organization operating as Franklin Templeton Investments. Franklin
Templeton Investments provides global and domestic investment
management solutions managed by its Franklin, Templeton, Mutual
Series, Fiduciary Trust, Darby and Bissett investment teams. The San
Mateo, CA-based company has more than 60 years of investment
experience. For more information, please visit franklinresources.com.
Forward-Looking Statements
The financial results in this press
release are preliminary. Statements in this press release regarding
Franklin Resources, Inc. ("Franklin") and its subsidiaries, which are
not historical facts, are "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995.
When used in this press release, words or phrases generally written
in the future tense and/or preceded by words such as "will," "may,"
"could," "expect," "believe," "anticipate," "intend," "plan," "seek,"
"estimate," "preliminary" or other similar words are forward-looking
statements.
Forward-looking statements involve a number of known and unknown
risks, uncertainties and other important factors, some of which are
listed below, that could cause actual results and outcomes to differ
materially from any future results or outcomes expressed or implied
by such forward-looking statements. Forward-looking statements are
based on our current expectations and assumptions regarding our
business, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult to predict. We caution you therefore against relying on any
of these forward-looking statements. They are neither statements of
historical fact nor guarantees or assurances of future performance.
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, in
Risk Factors and 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, 2011:
-- Volatility and disruption of the capital and credit markets, and
adverse changes in the global economy, may significantly affect our
results of operations and may put pressure on our financial results.
-- The amount and mix of our assets under management are subject to
significant fluctuations.
-- We are subject to extensive and complex, overlapping and frequently
changing rules, regulations and legal interpretations.
-- Regulatory and legislative actions and reforms have made the
regulatory environment in which we operate more costly and future
actions and reforms could adversely impact our assets under
management, increase costs and negatively impact our profitability and
future financial results.
-- Changes in tax laws or exposure to additional income tax liabilities
could have a material impact on our financial condition, results of
operations and liquidity.
-- Any significant limitation, failure or security breach of our software
applications, technology or other systems that are critical to our
operations could constrain our operations.
-- Our investment management business operations are complex and a
failure to properly perform operational tasks or the misrepresentation
of our products and services could have an adverse effect on our
revenues and income.
-- We face risks, and corresponding potential costs and expenses,
associated with conducting operations and growing our business in
numerous countries.
-- We depend on key personnel and our financial performance could be
negatively affected by the loss of their services.
-- Strong competition from numerous and sometimes larger companies with
competing offerings and products could limit or reduce sales of our
products, potentially resulting in a decline in our market share,
revenues and income.
-- Changes in the third-party distribution and sales channels on which we
depend could reduce our income and hinder our growth.
-- Our increasing focus on international markets as a source of
investments and sales of investment products subjects us to increased
exchange rate and other risks in connection with our income and
earnings generated overseas.
-- Poor investment performance of our products could affect our sales or
reduce the level of assets under management, potentially negatively
impacting our revenues and income.
-- We could suffer losses in our revenues and income if our reputation is
harmed.
-- Our future results are dependent upon maintaining an appropriate level
of expenses, which is subject to fluctuation.
-- Our ability to successfully integrate widely varied business lines can
be impeded by systems and other technological limitations.
-- Our inability to successfully recover should we experience a disaster
or other business continuity problem could cause material financial
loss, loss of human capital, regulatory actions, reputational harm, or
legal liability.
-- Certain of the portfolios we manage, including our emerging market
portfolios, are vulnerable to significant market-specific political,
economic or other risks, any of which may negatively impact our
revenues and income.
-- Our revenues, income and earnings could be adversely affected if the
terms of our management agreements are significantly altered or these
agreements are terminated by the funds and other sponsored investment
products we advise.
-- Regulatory and governmental examinations and/or investigations,
litigation and the legal risks associated with our business, could
adversely impact our assets under management, increase costs and
negatively impact our profitability and/or our future financial
results.
-- Our ability to meet cash needs depends upon certain factors, including
the market value of our assets, operating cash flows and our perceived
creditworthiness.
-- Diverse and strong competition limits the interest rates that we can
charge on consumer loans.
-- Our business could be negatively affected if we or our banking
subsidiaries fail to remain well capitalized, and liquidity needs
could affect our banking business.
-- We are dependent on the earnings of our subsidiaries.
Any forward-looking statement made by us in this press release speaks
only as of the date on which it is made. Factors or events that could
cause our actual results to differ may emerge from time to time, and
it is not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statement, whether
as a result of new information, future developments or otherwise,
except as may be required by law.
Contact:
Franklin Resources, Inc.
Corporate Communications:
Matt Walsh
(650) 312-2245
Investor Relations:
Brian Sevilla
(650) 312-4091
franklinresources.com
SOURCE: Franklin Resources, Inc.