Franklin Resources will take a pre-tax charge of $60 million to cover...

Franklin Resources will take a pre-tax charge of $60 million to cover costs related to ongoing investigations into improper trading, according to its fiscal second quarter earnings report. The company also reported that its assets under management rose to $351.6 billion as of March 31, up 40% from a year ago and up 4.4% from the previous quarter. The company also said sales exceeded redemptions by $6.5 billion in the quarter, compared with $7.4 billion in the previous quarter, and net income in the quarter was $172.8 million, or 68 cents a share, up from $109.6 million, or 43 cents a share, a year ago.