BEN's AUM Falls 1.9% in September: Can Diversification Sustain Growth?
Franklin Templeton reported a 1.9% decline in AUM in September. The company has diversified into alternatives, private markets and digital assets; despite declines in fiscal 2022 and 2025, AUM grew at a 3.2% CAGR over the five fiscal years through 2025, with the rising trend continuing in the first nine months of fiscal 2026.
Why it matters — AUM trends and diversification provide context for BEN watchers assessing the company's asset base and growth history.