Franklin Resources: Turning The Corner
Franklin Resources has returned to growth in fiscal Q2 2026, driven by strong inflows in alternatives and improved operational performance after a period of outflows and mixed M&A outcomes. The company reported $16.9 billion in positive long-term net inflows, with alternatives contributing $14.3 billion, while international flows outside the West showed increasing momentum. Operating margins are expanding, with management guiding for high-29% by the end of FY Q4 and over 30% by 2027.
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