Franklin Resources reported Tuesday assets under management of $823.7 billion as of March 31, up 5% from the previous quarter and 14% from a year earlier.
The quarter increase was due primarily to $24.5 billion in market appreciation and $18.3 billion in net inflows, Franklin said in an earnings release.
Overall, Franklin received the biggest amount of money from investors since the quarter that ended June 30, 2011. Most of the net new inflows went into fixed income, $15.6 billion, while $2.8 billion went into strategies that buy both stocks and bonds. Equities strategies received $200 million in net inflows. Cash strategies had net outflows of $300 million.
Net income was $572.8 million in the quarter, up 11% from the prior quarter and up 14% from the year-ago quarter.
Operating income of $729.4 million was up 6% from the previous quarter and up 18% over the first quarter of 2012.