Franklin Resources Inc. (BEN)
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Franklin Templeton (BEN) Launches Private Markets Model Portfolios
Franklin Templeton (BEN) has launched Private Markets Model Portfolios in collaboration with Corastone. This initiative aims to assist financial advisers in integrating private market assets into client portfolios via a managed portfolio structure. The portfolios utilize a single-subscription, SMA-style format, reducing the minimum investment required. This new framework simplifies operational processes tied to private market investing, while providing clients direct ownership of underlying funds. Franklin Templeton also integrates various investment managers, including Lexington Partners and Clarion Partners, enhancing access to alternative asset classes.
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Franklin Templeton (BEN) CEO Confirms Private Credit's Enduring Presence
Franklin Templeton (BEN) CEO Jenny Johnson asserted that private credit is established on Wall Street, linking it to the 2008 financial crisis which led to banks reducing lending. Johnson indicated that investment-grade private loans could offer a yield of 150 basis points over traditional bonds, with high-yield spreads potentially reaching 400 basis points. The discussion also emphasized that private loans cannot be quickly liquidated, posing risks for investors. Additionally, concerns about a potential credit cycle were raised by Goldman Sachs CEO David Solomon, signaling that higher loss levels might occur during future economic slowdowns.
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