Franklin Templeton is laying off 3% of its personnel after months of outflows from its bond subsidiary Western Asset Management (WAM). The layoffs will be across departments and regions globally, impacting about 300 of its 10,000-strong workforce, a spokesperson confirmed to Citywire.
Equity is simply the value of an investor's stake in a company. It is represented by the value of shares an investor owns. Stock ownership gives shareholders access to potential capital gains and dividends.
Franklin Templeton itself is under pressure with its stock underperforming the market as a result of withdrawals from subsidiary Western Asset Management, after co-chief investment officer Ken Leech was placed on a leave of absence following investigations from the SEC into his trading actions.
Investor Services The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
In financial markets, "equities" is another term for stocks and shares, representing ownership in a company, but it's often considered a more formal or professional term—you'll frequently hear it used by investment professionals or in academic contexts.
Over the past decade, Franklin Templeton has transformed into one of the world's largest asset managers built on a foundation of close partnerships with our clients and meeting their need for expertise across every major asset class in both public and private markets.
Investor Services The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
Our transfer agent is Computershare.
Franklin Templeton ETFs and select mutual funds can be bought and sold during normal trading hours through a self-directed account with many brokerage firms. Commissions and transaction fees may vary, so be sure to check on these costs.
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