BEN/Franklin Templeton is essentially a bet on the markets: numbers look good, buybacks are underway, the stock is rising, and higher AUM means higher performance fees; but a market crash would make the situation look bad.
“S&P 500 Bottom Fishing! 20 Stocks One Interesting Buy - PENTAIR (PNR)”
Value Investing with Sven Carlin, Ph.D.Published Oct 21 · 1 passage
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Next, " Franklin Templeton" . Simply put, it's a bet on the markets. The numbers look good. They are carrying out share buybacks. They are very happy. The stock is rising. It is a business based on performance fees .
Therefore, the more assets under management, the higher the fees. But if the market crashes, the situation will look bad.