Franklin Resources Inc
BEN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$87.00 | Skcb | Nglpvdj |
Franklin Resources' AUM Should Improve With Rising Equity Markets, but Secular Headwinds Remain
Business Strategy and Outlook
We've been big proponents of consolidation among the US-based asset managers, expecting firms to pursue scale in existing product sets as well as pursue nonaffected investment products like alternative assets to offset the impact of fee and margin compression driven by the growth of low-cost passive products.