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Franklin's Future Looks Better as Wamco Outflows Continue to Wane
The article discusses Franklin Resources Inc. (BEN) and its improving outlook as outflows from Wamco continue to decrease. While the company has historically been slow to address operational deficiencies, the current management team is actively implementing changes to research and investment processes, though performance improvements will take time. This positive trend follows recent earnings reports indicating that organic AUM growth turned positive in fiscal Q1.