Franklin Templeton Sets Ambitious 2029 Growth Targets for Private Markets and ETFs
Franklin Templeton (NYSE: BEN) has announced aggressive long-term strategic goals aimed at diversifying its asset base and improving profitability. The company is targeting an adjusted operating margin of 35% by the fourth quarter of 2029. To achieve this, management has raised fundraising targets to include $150 billion in private markets, $200 billion in ETFs, and $100 billion through its Canvas platform. The firm concluded its fiscal year with $1.8 trillion in assets under management (AUM) and reported significant momentum with $84.1 billion in long-term net inflows. These targets reflect a strategic pivot toward high-growth segments like private markets and systematic investment vehicles to drive future scale.
Tickers: $BEN
Topics: Assets Under Management Fiscal Year Results Net Inflows