Franklin Resources on Wednesday reported $920.5 billion in assets under management as of June 30, up 4% from the end of the previous quarter and up 13% from the year before.
Net inflows for the quarter were $2.6 billion, compared to net outflows of $7.1 billion during the quarter ended March 31 and net inflows of $8.4 billion for the same quarter a year ago.
The quarterly increase of $33.6 billion in AUM was due primarily to $31.9 billion of market appreciation, according to the company's quarterly earnings report. The company had a year-over-year AUM increase of $105.5 billion, despite $7.2 billion in net outflows.
Total equity AUM at June 30 was $388.3 billion, up 4% from the previous quarter and up 24% from June 30, 2013. Fixed-income assets totaled $363.3 billion, up 3% from March 31 but down 1% from a year earlier. Hybrid strategy assets totaled $162.5 billion, up 6% from the prior quarter and up 26% for the prior year. Cash totaled $6.4 billion, a 2% rise from the end of the first quarter and unchanged from the previous year.
Franklin's net income rose 3% to $578.9 million in the quarter ended June 30 from the quarter ended March 31 and up 5% from the quarter ended June 30, 2013.
Revenue, meanwhile, was $2.13 billion in the three months ended June 30, up 2% from both the previous quarter and the same period the year prior.