04:23 PM EDT, 03/11/2024 (MT Newswires) -- Franklin Resources ( BEN ) reported Monday preliminary assets under management of $1.622 trillion at the end of February, up from $1.602 trillion in January.

The increase reflected the impact of positive markets and long-term net inflows, the company said.

The gains were partially offset by a redemption of $2 billion by a fixed income institutional client, Franklin Resources ( BEN ) added.

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