Assets Asset Purchase For Credit In Franklin
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On January 1, 2024, Franklin Templeton completed the acquisition of Putnam Investments. Putnam had total AUM of $148 billion as of December 31, 2023.
The addition of Putnam accelerates our growth in the retirement sector by increasing our defined contribution AUM and expands our insurance assets, further strengthening our presence in these key market segments to better serve all our clients.
NYSE:BEN, a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc.
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.
All the schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests amid deteriorating credit environment due to sluggishness in the economy. The schemes also had to resort to borrowing to meet the redemption pressure.
Franklin Templeton Investments Headquarters in San Mateo, California AUM US$1.37 trillion (2023) Total assets US$30.1 billion (2023) Total equity US$11.9 billion (2023) Number of employees 9,200 (2023)16 more rows
The credit asset class offers investors a variety of options with attractive risk-return characteristics. History shows us that over the long term, corporate bonds have provided diversification and helped to reduce portfolio volatility.
In the Account name field, enter the name of the account. In the Account type ▼ dropdown, select Fixed Assets or Other Assets. In the Detail type ▼ dropdown, select the option that closely describes the asset. In the Opening balance field, enter the opening balance amount.
A good piece of advice to investors is to start with simple investments, then incrementally expand their portfolios. Specifically, mutual funds or ETFs are a good first step, before moving on to individual stocks, real estate, and other alternative investments.
