Last year, U.S. individual investors poured $158 billion into mutual funds, and 93% of that money went to international products, a specialty of Franklin Resources. The money manager, which also runs funds under the Templeton brand name, grabbed $16 billion from individuals and institutions in 2006, pushing assets to a record $553 billion. In money management, increasing scale helps bolster margins, and Franklin’s operating margins were a healthy 32% last year, up from 23% five years ago. CEO Greg Johnson, grandson of Franklin’s founder, has been aiming to get more customers outside of the U.S. Last year more than 42% of Franklin’s sales came from non-U.S. investors, almost double the share from five years ago. Johnson is expanding this year in both Brazil, where the company is taking full control of a joint venture there, and India, where a major bank signed up to distribute Franklin funds.
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|Total Return||Past 12 Months|
|Past 36 Months
|Industry||Asset Management & Custody Banks|