Franklin Templeton Investments reported $451.2 billion in assets under management in the quarter ended June 30, up 15% from the previous quarter but down 22% from the year before.
Net new inflows for the three months, the manager's fiscal third quarter, were $6 billion. That was up from an outflow of $5.5 billion in the prior quarter and an inflow of $1.2 billion a year ago.
Equity assets totaled $209.8 billion in the quarter, up 21% from the previous quarter but down 34% from a year ago. Fixed-income assets totaled $148.1 billion, up 10% from the previous quarter and up 0.4% from a year earlier.
Hybrid assets were $85.8 billion in the fiscal third quarter, up 14% from the earlier quarter and down 22% from a year ago. And cash management was $7.5 billion in the third fiscal quarter, down 7% from the prior quarter and up 7% from the year before.
Net income for the latest quarter was $297.7 million, up 169% from the previous quarter but down 26% from the year before. Revenue totaled $1.07 billion, an increase of 17% from the previous quarter but down 30% from the year before.
