Franklin Templeton Inc
BEN: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| KZ | LOCK|^w | LOCK|?^^XP$ |
Improved Equity and Credit Market Conditions Should Boost Franklin's Flows and AUM Levels
Business Strategy and Outlook
Franklin Templeton has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.
