04:22 PM EST, 01/10/2025 (MT Newswires) -- Franklin Resources ( BEN ) said Friday that preliminary assets under management decreased to $1.576 trillion in December from $1.653 trillion in November.

The decrease "reflected the impact of negative markets and long-term net outflows of $18.9 billion, inclusive of $38.0 billion of long-term net outflows at Western Asset Management and reinvested distributions of $17.8 billion," the company said.