Franklin Templeton Expands Fund Management to Stablecoin Markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Innovative Fund Management: Franklin Templeton's affiliate, Western Asset Management, has made two money market funds eligible for stablecoin reserve management and blockchain distribution, marking a significant step in the digital transformation of traditional investment products.
- Expanded Fund Applicability: The update applies to two existing traditional Rule 2a-7 government money market funds, the Western Asset Institutional Treasury Obligations Fund (LUIXX) and the Western Asset Institutional Treasury Reserves Fund (DIGXX), enabling their operation within the emerging tokenized money market fund landscape.
- Enhanced Client Choices: Roger Bayston, head of Digital Assets at Franklin Templeton, stated that by prioritizing interoperability and flexibility, the firm is opening more avenues for clients to access and deploy regulated funds, thereby enhancing investor choice and capital efficiency.
- Industry Trend Response: As Wall Street increasingly leverages blockchain technologies to enhance traditional investment vehicles, Franklin's initiative aligns with efforts by major firms like BlackRock and JPMorgan Chase in the tokenized money market fund space, showcasing its forward-looking strategy in the digital asset arena.
Analyst Views on BEN
Wall Street analysts forecast BEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEN is 24.33 USD with a low forecast of 20.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
2 Buy
1 Hold
4 Sell
Moderate Sell
Current: 25.640
Low
20.00
Averages
24.33
High
31.00
Current: 25.640
Low
20.00
Averages
24.33
High
31.00
About BEN
Franklin Resources, Inc. is a global investment management company with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Through its specialist investment managers, the Company offers specialization on a global scale, bringing capabilities in equity, fixed income, alternatives and multi-asset solutions. It provides its investment management and related services to retail, institutional and high-net-worth investors in jurisdictions worldwide. Its investment products include its sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. Its funds include registered funds (including exchange-traded funds) and unregistered funds. It offers its services and products under its various distinct brand names, including, but not limited to, Alcentra, Benefit Street Partners, Brandywine Global Investment Management, Canvas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
