Jefferies Reports Strong Month For Global Fixed Income On Franklin Resouces

According to Jefferies, Franklin Resources BEN saw another strong month for global fixed income. Jefferies said that BEN reported June 30th total assets of $734.2B, down 0.2% m/m and in line with its $734B estimate. “We estimate total net flows out of equities (both domestic and international) equaled approximately $1.0B this month. On a m/m basis, this is down from our estimate of relatively flat equity flows last month and positive flows in April.” Franklin Resources closed yesterday at $131.76.