Franklin Resources reported $12.4 billion in net inflows to its alternative investment arm during the first quarter. The growth in private markets is offsetting significant withdrawals from traditional equity and fixed-income funds.
- $12.4 billion net inflow into alternatives in Q1
- Alternatives comprise approximately 75% of total net inflows
- Performance beat analyst estimates of $2.3 billion
- 9% year-over-year increase in alternative inflows
- Continued outflows from traditional stock and bond funds
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