Franklin Templeton Investments

Corporate brand

A global investment-management organization offering mutual funds, exchange-traded funds, alternatives, institutional strategies, and wealth-management services. A publicly listed global investment management organization operating primarily under the Franklin Templeton brand.

Last updated October 14, 2026

Overview

Franklin Templeton is the operating brand used by Franklin Resources, Inc., a publicly traded American investment-management holding company. The organization traces its origins to Franklin Distributors, Inc., founded in New York City in 1947 by Rupert H. Johnson Sr., a Wall Street retail broker. Johnson named the business after Benjamin Franklin, whose emphasis on thrift, prudence, and disciplined saving reflected the investment philosophy he wanted the firm to represent. Its first products were the Franklin Custodian Funds, conservatively managed mutual funds designed for a broad retail audience. The company expanded under Johnson's son Charles B. Johnson, who became president and chief executive in 1957 at age 24. Franklin went public in 1971 and moved its headquarters from New York to San Mateo, California, after acquiring Winfield & Company in 1973. The Franklin Money Fund became an important growth engine in the late 1970s, and the firm's assets expanded rapidly during the 1980s. International expansion began with an office in Taiwan in 1986, while acquisitions such as L.F. Rothschild Fund Management Company broadened the firm's distribution and investment capabilities. Franklin's defining strategic transformation came in 1992, when it acquired Templeton, Galbraith & Hansberger. The transaction combined Franklin's reputation in fixed income and tax-oriented funds with Templeton's international and global-investing heritage, creating the Franklin Templeton name. Subsequent acquisitions added the Mutual Series value-investing business, Bissett Funds in Canada, and Fiduciary Trust. The organization now operates through a collection of investment brands and specialist managers, including Franklin, Templeton, Mutual Series, Fiduciary, and businesses acquired in alternative credit, private equity, quantitative investing, digital wealth technology, and institutional asset management. Franklin Templeton serves retail investors, financial advisers, institutions, governments, and wealth-management clients. Its capabilities span equity, fixed income, multi-asset allocation, money-market products, tax-free income strategies, exchange-traded funds, private equity, private credit, real assets, alternatives, and customized institutional mandates. Historically, Franklin has been strongly associated with bond and income funds; Templeton with international and emerging-market investing; and Mutual Series with value-oriented strategies. The firm has also developed ETF, digital-advice, blockchain-enabled fund-administration, and cryptocurrency-related offerings. Leadership passed from Charles Johnson to his son Greg Johnson in 2013, and Jenny Johnson became president and chief executive in 2020, with Greg Johnson becoming executive chairman. Major recent expansion included the acquisitions of Benefit Street Partners, Legg Mason, Lexington Partners, O'Shaughnessy Asset Management, Alcentra, and Putnam Investments. Through these transactions, Franklin Templeton increased its presence in alternatives, institutional investing, private markets, credit, quantitative management, and retirement-related distribution. The company operates internationally and reports its financial results through Franklin Resources, while Franklin Templeton remains the principal customer-facing investment brand.

History

Franklin Templeton began in 1947 as Franklin Distributors, Inc., a New York investment business established by Rupert H. Johnson Sr. The founder's choice of Benjamin Franklin as the namesake expressed a preference for thrift, caution, and regular saving. The firm's initial Franklin Custodian Funds offered conservatively managed equity and bond portfolios intended for ordinary investors. In 1957, Charles B. Johnson succeeded his father as president and chief executive. The business was still small, with reported fund assets of approximately $2.5 million. Rupert Johnson Jr. joined in 1965, and the family continued to shape the company's strategic direction. Franklin became a public company in 1971. Its 1973 acquisition of Winfield & Company moved the center of operations to San Mateo, California, where the combined business had approximately $250 million in managed assets and about 60 employees. The Franklin Money Fund, launched in the late 1970s, became the firm's first billion-dollar fund and helped drive rapid expansion during the 1980s. Franklin's assets grew dramatically, international operations began with a Taiwan office in 1986, and the company listed its shares on the New York Stock Exchange the same year under BEN. The 1988 acquisition of L.F. Rothschild Fund Management Company added scale and product expertise. By the end of the decade, reported assets had risen from slightly more than $2 billion in 1982 to more than $40 billion in 1989. In 1992, Franklin acquired Templeton, Galbraith & Hansberger. Templeton had been associated with international investing and the investment philosophy of Sir John Templeton. The combination produced the Franklin Templeton identity and brought together complementary franchises: Franklin's income and fixed-income heritage and Templeton's global and international capabilities. Heine Securities joined the complex in 1996, adding the Mutual Series family of value-oriented funds. Bissett Funds, acquired in 2000, increased the company's Canadian presence, while the 2001 acquisition of Fiduciary Trust Company International broadened its trust and wealth-management activities. The September 11, 2001 attacks had a direct human impact on Fiduciary Trust's workforce at 2 World Trade Center, where 87 employees died. In later years the organization continued to operate as a multi-brand investment house, with Franklin commonly associated with bond and income products, Templeton with international portfolios, Mutual Series with value investing, and Fiduciary with trust and wealth services. The company's expansion in the twenty-first century increasingly moved beyond traditional retail mutual funds. It entered the ETF market in 2013 and developed active, passive, and multifactor strategies. Benefit Street Partners added alternative credit in 2019. AdvisorEngine expanded digital wealth-management technology, including adviser CRM, portfolio-management, client-portal, and digital-onboarding tools. The 2020 Legg Mason acquisition was a major strategic step, combining two investment organizations and adding specialist managers and institutional capabilities. Franklin Templeton subsequently expanded private markets and alternatives through Lexington Partners, O'Shaughnessy Asset Management, and Alcentra. In 2024 it completed the acquisition of Putnam Investments, further increasing its scale in institutional and retirement-related investment management. The firm also experimented with financial technology: its OnChain U.S. Government Money Fund pilot used blockchain infrastructure for transaction processing and share-ownership records. More recently, it broadened its digital-asset product range through a spot cryptocurrency ETF and a proposed Solana ETF. Leadership has remained closely connected to the Johnson family. Charles Johnson retired as chairman in 2013 and was succeeded by Greg Johnson, who later became executive chairman. Jenny Johnson became president and chief executive in 2020. Today Franklin Templeton is best understood as a global investment-management platform rather than a single mutual-fund label, combining retail funds and ETFs with institutional mandates, private markets, alternatives, credit, wealth-management technology, and digital-asset products.

2025
Cryptocurrency ETF expansion
[1]Franklin Templetonen.wikipedia.org
The firm launches a spot bitcoin-and-ether ETF and files for a spot Solana ETF.
2024
Putnam acquisition closes
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton completes its acquisition of Putnam Investments, excluding PanAgora Asset Management.
2023
Putnam Investments acquisition is completed
[5]Franklin Resources corporate websitefranklinresources.com
Franklin Resources completes its acquisition of Putnam Investments, adding retirement, institutional, and wealth-management capabilities.
2022
Lexington, AdvisorEngine, and Alcentra expansion
[1]Franklin Templetonen.wikipedia.org
Franklin completes or advances acquisitions spanning private-equity secondaries, digital wealth technology, and alternative credit.
2022
Lexington, O'Shaughnessy, and Alcentra transactions expanded alternatives
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton completed or announced acquisitions that broadened private-equity secondaries, quantitative investing, and alternative credit.
2021
OnChain money-fund pilot launches
[1]Franklin Templetonen.wikipedia.org
The company piloted blockchain-based transaction processing and share-record administration for a U.S. government money fund.
2020
Legg Mason acquisition closes and Jenny Johnson becomes CEO
[1]Franklin Templetonen.wikipedia.org
The combination creates a substantially broader independent global investment-management platform, and Jenny Johnson becomes president and CEO. Franklin Templeton acquired Legg Mason and Jenny Johnson became president and CEO. Franklin Resources completes the acquisition of Legg Mason, expanding its investment affiliates, institutional business, and global distribution.
2020
Jenny Johnson becomes chief executive officer
[5]Franklin Resources corporate websitefranklinresources.com
Jenny Johnson becomes president and chief executive officer, while Gregory E. Johnson becomes executive chairman.
2019
Benefit Street Partners was acquired
[1]Franklin Templetonen.wikipedia.org
The transaction expands the firm's alternative-credit capabilities.
2013
ETF business begins
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton launches its first exchange-traded funds.

Showing the 10 most recent.

Products and positioning

A diversified, research-driven global asset manager combining long-established retail fund franchises with institutional, alternative-investment, private-market, ETF, and digital wealth capabilities. A diversified global asset manager combining Franklin's income and fixed-income heritage, Templeton's international-investing tradition, Mutual Series value strategies, and specialist public- and private-market capabilities.

Mutual funds · 1947
Franklin Custodian Funds
The original Franklin fund series, introduced for broad retail distribution, consisted of conservatively managed equity and bond portfolios. The funds established the company's early reputation for disciplined investment and accessible mutual-fund products. The original Franklin fund family consisted of conservatively managed equity and bond funds. It established the company's early retail identity by offering diversified investment portfolios intended for a broad investor base.
Money-market fund · 1979
Franklin Money Fund
Introduced in the late 1970s, the Franklin Money Fund became the firm's first billion-dollar fund and was a major contributor to the rapid asset growth that followed during the 1980s.
Multi-asset income mutual fund · 1948
Franklin Income Fund
The Franklin Income Fund combines dividend-paying equities with bonds and is designed for investors seeking income and a comparatively conservative allocation. It is one of the best-known Franklin-branded retail funds. An income-oriented mutual fund associated with Franklin's long-standing fixed-income and dividend-investing heritage. Its portfolio combines income-producing securities and is positioned for investors seeking regular distributions and a relatively conservative allocation profile. A long-established Franklin-branded income-oriented mutual fund designed to invest across income-producing securities. It represents the company's historic strength in serving investors seeking regular income through actively managed portfolios.
Global equity mutual fund · 1954
Templeton Growth Fund
The Templeton Growth Fund is a long-running global-equity franchise associated with international diversification and fundamental investment research. It represents the Templeton brand's historical emphasis on investing across national markets. A global equity strategy associated with Templeton's international-investing tradition. The fund invests across countries and companies rather than restricting its opportunity set to a single domestic market.
Value-oriented mutual funds · 1949
Mutual Series funds
The Mutual Series family joined Franklin Templeton through the former Heine Securities organization. Its products are associated with value investing, flexible security selection, and opportunistic analysis across equity and credit markets.
Exchange-traded funds · 2013
Franklin Templeton ETFs
Franklin Templeton's ETF range includes active, passive, smart-beta, multifactor, fixed-income, equity, and digital-asset strategies. The business extends the firm's investment capabilities into exchange-traded formats for retail and institutional users. Franklin Templeton's ETF range includes active, passive, smart-beta, multifactor, fixed-income, equity, and thematic approaches. The platform extends the firm's traditional investment capabilities into a more exchange-traded and fee-transparent format. A range of exchange-traded funds covering equity, fixed income, active, passive, thematic, and specialist investment exposures. ETFs are part of the company's response to demand for transparent, liquid, and often lower-cost investment vehicles.
Blockchain-enabled money-market fund · 2021
Franklin OnChain U.S. Government Money Fund
This pilot uses blockchain infrastructure to process transactions and record fund-share ownership alongside traditional administrative records. It was designed to explore continuous digital processing and lower-friction fund administration. A pilot fund using blockchain technology to process transactions and record ownership alongside traditional records. It was designed to test more continuous administration and digital access within a regulated money-market product.
Digital-asset exchange-traded fund · 2025
Bitcoin and Ether spot ETF
Launched in 2025, this exchange-traded product provides spot exposure to a portfolio combining bitcoin and ether, extending Franklin Templeton's ETF platform into regulated cryptocurrency investment products.
Value mutual fund · 1949
Mutual Shares
A Mutual Series value-investing product brought into the Franklin Templeton complex through the 1996 Heine Securities merger. It represents the organization's tradition of seeking securities that appear undervalued relative to their businesses or assets.
Global value mutual fund · 1992
Mutual Discovery Fund
A Mutual Series strategy focused on identifying value opportunities across markets. It illustrates Franklin Templeton's combination of global research, fundamental analysis, and value-oriented portfolio construction.
Digital-asset ETF · 2025
Franklin crypto exchange-traded fund
A spot crypto ETF launched in 2025 with an approximate portfolio mix of 80% bitcoin and 20% ether, marking a further extension of Franklin Templeton's digital-asset product activity.
Global fixed-income mutual fund
Templeton Global Bond Fund
A Templeton-branded global bond strategy investing across international fixed-income markets. The product reflects Templeton's tradition of global research and complements Franklin Templeton's broader fixed-income platform.
Alternative and private-market investments
Franklin Templeton alternatives and private markets
A collection of private credit, private equity, real assets, hedge-fund, and other alternative strategies offered to institutional, wealth, and qualified private-market investors through Franklin Templeton and affiliated investment teams.

Controversies

2023
Reported political-education requirements for China-based executives
Bloomberg News reported that Franklin Templeton executives in China were required to attend courses concerning Xi Jinping Thought. The report highlighted the political and regulatory pressures faced by international financial firms operating in China.
Source

2023
Agree to acquire Putnam InvestmentsM&A
Background
The company continued consolidating and broadening its traditional asset-management and retirement businesses. Franklin pursued additional scale and sought to expand its retirement, institutional, and wealth-management businesses.
Action taken
Franklin Templeton agreed to acquire Putnam Investments; PanAgora Asset Management was excluded. Franklin Resources agreed to and completed the acquisition of Putnam Investments from Power Corporation of Canada.
Aftermath
The acquisition was completed in January 2024 and broadened Franklin Templeton's investment platform. Putnam's capabilities and client relationships were added to Franklin Templeton's global platform, subject to integration and regulatory requirements.
Reported transaction value. $925 million (Announcement in 2023)
Source
2021
Pilot a tokenized U.S. government money fundProduct launch
Background
The firm explored whether distributed-ledger technology could streamline fund administration and ownership records.
Action taken
Franklin Templeton launched a blockchain-enabled pilot using the Stellar network and a blockchain administrator while maintaining traditional records in parallel.
Aftermath
The pilot demonstrated a digital operating model but initially had relatively high costs because of its small scale and duplicated administration. The pilot demonstrated the company's interest in digital fund infrastructure, although its small initial scale meant that operating costs remained significant.
Initial seed capital. $1.4 million (2021)
Source
2021
Announce acquisition of Lexington PartnersM&A
Background
Franklin Templeton sought to deepen its private-equity secondary-market capabilities.
Action taken
The company announced a cash acquisition of Lexington Partners, which was completed in 2022.
Aftermath
Lexington expanded Franklin Templeton's private-markets platform and secondary-investment expertise.
Reported cash purchase price. $1.75 billion (Announced 2021)
Source
2020
Acquire Legg MasonM&A
Background
Franklin pursued greater scale and a wider set of specialist investment capabilities. Franklin Templeton aimed to expand its specialist-manager network and institutional and retail investment capabilities. The transaction was intended to increase scale and diversify Franklin Templeton across investment affiliates, institutional distribution, and asset classes.
Action taken
The company acquired Legg Mason and combined the two global investment platforms. Franklin Resources completed the acquisition of Legg Mason and incorporated its investment affiliates into the wider organization.
Aftermath
The combination expanded institutional, retail, specialist, and international capabilities. The combined organization was reported to manage approximately $1.4 trillion in assets at the time of the transaction. Franklin Templeton became a larger multi-affiliate manager with broader institutional and global capabilities.
Combined assets under management. $1.4 trillion (At transaction announcement in 2020)
Source
2019
Acquire Benefit Street PartnersM&A
Background
The firm pursued growth in alternative credit and private-market investment capabilities.
Action taken
Franklin Templeton acquired Benefit Street Partners.
Aftermath
Benefit Street Partners became part of the organization's alternatives platform.
Source
1992
Acquire Templeton, Galbraith & HansbergerM&A
Background
Franklin sought to combine its domestic income and fixed-income strengths with Templeton's international investment heritage. Franklin sought to expand beyond its established U.S. mutual-fund and income-investing base. Franklin sought to strengthen its international investment capabilities and broaden its identity beyond a primarily domestic mutual-fund franchise.
Action taken
The company acquired Templeton, Galbraith & Hansberger, bringing international and global-investing expertise into the combined organization.
Aftermath
The transaction established the firm's enduring multi-brand global investment structure. The transaction created the Franklin Templeton combination and became the foundation for the organization's multi-brand identity. The transaction gave Franklin a major global and emerging-markets platform and became a central part of its international brand.
Reported acquisition cost. $913 million (1992)
Source

Recent events

2025
Franklin Templeton launches a bitcoin-and-ether spot ETF[1]Franklin Templetonen.wikipedia.org
Product launch · Regulation
The company launched a spot cryptocurrency ETF combining bitcoin and ether exposure and separately sought regulatory approval for a Solana spot ETF.
2025
Franklin Templeton launched a spot crypto exchange-traded fund[1]Franklin Templetonen.wikipedia.org
Product launch
The firm launched a spot crypto ETF holding an approximate combination of 80% bitcoin and 20% ether.
2025
Franklin Templeton filed for a spot Solana ETF[1]Franklin Templetonen.wikipedia.org
Product launch · Regulation
Franklin Templeton submitted an application to the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund.
2024
Franklin Templeton completes Putnam Investments acquisition[1]Franklin Templetonen.wikipedia.org
M&A
The Putnam transaction closed, further enlarging Franklin Templeton's U.S. investment-management and retirement-services presence.
2023
Reports describe mandatory Xi Jinping Thought courses for China-based executives[1]Franklin Templetonen.wikipedia.org
Regulation · Other
Bloomberg reported that Franklin Templeton executives in China were required to attend courses concerning Xi Jinping Thought, highlighting the operating and regulatory pressures facing foreign financial firms in China.
2023
Franklin Resources completes acquisition of Putnam Investments[5]Franklin Resources corporate websitefranklinresources.com
M&A
The company completed the Putnam transaction, integrating another established investment-management franchise into the Franklin Templeton organization.
2023
Franklin Templeton agreed to acquire Putnam Investments[1]Franklin Templetonen.wikipedia.org
M&A
Franklin Resources announced an agreement to acquire Putnam Investments from its parent company, Power Corporation of Canada, broadening its institutional, retirement, and wealth-management presence.
2022
Franklin Templeton completed the acquisition of Alcentra[1]Franklin Templetonen.wikipedia.org
M&A
Franklin Templeton completed its purchase of Alcentra from BNY Mellon Investment Management, adding European alternative-credit capabilities.
2022
Franklin Templeton acquired O'Shaughnessy Asset Management[1]Franklin Templetonen.wikipedia.org
M&A
The transaction added the quantitative and factor-investing capabilities of the firm founded by James O'Shaughnessy.
2021
Franklin Templeton launched a blockchain-enabled mutual-fund pilot[1]Franklin Templetonen.wikipedia.org
Product launch · Other
The firm introduced a pilot of the OnChain U.S. Government Money Fund using blockchain infrastructure to process transactions and record share ownership.

Showing the 10 most recent.

Sources7 sources

Cite this profile: Cite the canonical profile. /brand-wiki/franklin-templeton-investments · Editorial policy · How profiles are compiled

Overview

History

2025
Cryptocurrency ETF expansion
[1]Franklin Templetonen.wikipedia.org
The firm launches a spot bitcoin-and-ether ETF and files for a spot Solana ETF.
2024
Putnam acquisition closes
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton completes its acquisition of Putnam Investments, excluding PanAgora Asset Management.
2023
Putnam Investments acquisition is completed
[5]Franklin Resources corporate websitefranklinresources.com
Franklin Resources completes its acquisition of Putnam Investments, adding retirement, institutional, and wealth-management capabilities.
2022
Lexington, AdvisorEngine, and Alcentra expansion
[1]Franklin Templetonen.wikipedia.org
Franklin completes or advances acquisitions spanning private-equity secondaries, digital wealth technology, and alternative credit.
2022
Lexington, O'Shaughnessy, and Alcentra transactions expanded alternatives
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton completed or announced acquisitions that broadened private-equity secondaries, quantitative investing, and alternative credit.
2021
OnChain money-fund pilot launches
[1]Franklin Templetonen.wikipedia.org
The company piloted blockchain-based transaction processing and share-record administration for a U.S. government money fund.
2020
Legg Mason acquisition closes and Jenny Johnson becomes CEO
[1]Franklin Templetonen.wikipedia.org
The combination creates a substantially broader independent global investment-management platform, and Jenny Johnson becomes president and CEO. Franklin Templeton acquired Legg Mason and Jenny Johnson became president and CEO. Franklin Resources completes the acquisition of Legg Mason, expanding its investment affiliates, institutional business, and global distribution.
2020
Jenny Johnson becomes chief executive officer
[5]Franklin Resources corporate websitefranklinresources.com
Jenny Johnson becomes president and chief executive officer, while Gregory E. Johnson becomes executive chairman.
2019
Benefit Street Partners was acquired
[1]Franklin Templetonen.wikipedia.org
The transaction expands the firm's alternative-credit capabilities.
2013
ETF business begins
[1]Franklin Templetonen.wikipedia.org
Franklin Templeton launches its first exchange-traded funds.

Showing the 10 most recent.

Products and positioning

Mutual funds · 1947
Franklin Custodian Funds
The original Franklin fund series, introduced for broad retail distribution, consisted of conservatively managed equity and bond portfolios. The funds established the company's early reputation for disciplined investment and accessible mutual-fund products. The original Franklin fund family consisted of conservatively managed equity and bond funds. It established the company's early retail identity by offering diversified investment portfolios intended for a broad investor base.
Money-market fund · 1979
Franklin Money Fund
Introduced in the late 1970s, the Franklin Money Fund became the firm's first billion-dollar fund and was a major contributor to the rapid asset growth that followed during the 1980s.
Multi-asset income mutual fund · 1948
Franklin Income Fund
The Franklin Income Fund combines dividend-paying equities with bonds and is designed for investors seeking income and a comparatively conservative allocation. It is one of the best-known Franklin-branded retail funds. An income-oriented mutual fund associated with Franklin's long-standing fixed-income and dividend-investing heritage. Its portfolio combines income-producing securities and is positioned for investors seeking regular distributions and a relatively conservative allocation profile. A long-established Franklin-branded income-oriented mutual fund designed to invest across income-producing securities. It represents the company's historic strength in serving investors seeking regular income through actively managed portfolios.
Global equity mutual fund · 1954
Templeton Growth Fund
The Templeton Growth Fund is a long-running global-equity franchise associated with international diversification and fundamental investment research. It represents the Templeton brand's historical emphasis on investing across national markets. A global equity strategy associated with Templeton's international-investing tradition. The fund invests across countries and companies rather than restricting its opportunity set to a single domestic market.
Value-oriented mutual funds · 1949
Mutual Series funds
The Mutual Series family joined Franklin Templeton through the former Heine Securities organization. Its products are associated with value investing, flexible security selection, and opportunistic analysis across equity and credit markets.
Exchange-traded funds · 2013
Franklin Templeton ETFs
Franklin Templeton's ETF range includes active, passive, smart-beta, multifactor, fixed-income, equity, and digital-asset strategies. The business extends the firm's investment capabilities into exchange-traded formats for retail and institutional users. Franklin Templeton's ETF range includes active, passive, smart-beta, multifactor, fixed-income, equity, and thematic approaches. The platform extends the firm's traditional investment capabilities into a more exchange-traded and fee-transparent format. A range of exchange-traded funds covering equity, fixed income, active, passive, thematic, and specialist investment exposures. ETFs are part of the company's response to demand for transparent, liquid, and often lower-cost investment vehicles.
Blockchain-enabled money-market fund · 2021
Franklin OnChain U.S. Government Money Fund
This pilot uses blockchain infrastructure to process transactions and record fund-share ownership alongside traditional administrative records. It was designed to explore continuous digital processing and lower-friction fund administration. A pilot fund using blockchain technology to process transactions and record ownership alongside traditional records. It was designed to test more continuous administration and digital access within a regulated money-market product.
Digital-asset exchange-traded fund · 2025
Bitcoin and Ether spot ETF
Launched in 2025, this exchange-traded product provides spot exposure to a portfolio combining bitcoin and ether, extending Franklin Templeton's ETF platform into regulated cryptocurrency investment products.
Value mutual fund · 1949
Mutual Shares
A Mutual Series value-investing product brought into the Franklin Templeton complex through the 1996 Heine Securities merger. It represents the organization's tradition of seeking securities that appear undervalued relative to their businesses or assets.
Global value mutual fund · 1992
Mutual Discovery Fund
A Mutual Series strategy focused on identifying value opportunities across markets. It illustrates Franklin Templeton's combination of global research, fundamental analysis, and value-oriented portfolio construction.
Digital-asset ETF · 2025
Franklin crypto exchange-traded fund
A spot crypto ETF launched in 2025 with an approximate portfolio mix of 80% bitcoin and 20% ether, marking a further extension of Franklin Templeton's digital-asset product activity.
Global fixed-income mutual fund
Templeton Global Bond Fund
A Templeton-branded global bond strategy investing across international fixed-income markets. The product reflects Templeton's tradition of global research and complements Franklin Templeton's broader fixed-income platform.
Alternative and private-market investments
Franklin Templeton alternatives and private markets
A collection of private credit, private equity, real assets, hedge-fund, and other alternative strategies offered to institutional, wealth, and qualified private-market investors through Franklin Templeton and affiliated investment teams.

Controversies

2023
Reported political-education requirements for China-based executives
Bloomberg News reported that Franklin Templeton executives in China were required to attend courses concerning Xi Jinping Thought. The report highlighted the political and regulatory pressures faced by international financial firms operating in China.
Source

Brand decisions

2023
Agree to acquire Putnam InvestmentsM&A
Background
The company continued consolidating and broadening its traditional asset-management and retirement businesses. Franklin pursued additional scale and sought to expand its retirement, institutional, and wealth-management businesses.
Action taken
Franklin Templeton agreed to acquire Putnam Investments; PanAgora Asset Management was excluded. Franklin Resources agreed to and completed the acquisition of Putnam Investments from Power Corporation of Canada.
Aftermath
The acquisition was completed in January 2024 and broadened Franklin Templeton's investment platform. Putnam's capabilities and client relationships were added to Franklin Templeton's global platform, subject to integration and regulatory requirements.
Reported transaction value. $925 million (Announcement in 2023)
Source
2021
Pilot a tokenized U.S. government money fundProduct launch
Background
The firm explored whether distributed-ledger technology could streamline fund administration and ownership records.
Action taken
Franklin Templeton launched a blockchain-enabled pilot using the Stellar network and a blockchain administrator while maintaining traditional records in parallel.
Aftermath
The pilot demonstrated a digital operating model but initially had relatively high costs because of its small scale and duplicated administration. The pilot demonstrated the company's interest in digital fund infrastructure, although its small initial scale meant that operating costs remained significant.
Initial seed capital. $1.4 million (2021)
Source
2021
Announce acquisition of Lexington PartnersM&A
Background
Franklin Templeton sought to deepen its private-equity secondary-market capabilities.
Action taken
The company announced a cash acquisition of Lexington Partners, which was completed in 2022.
Aftermath
Lexington expanded Franklin Templeton's private-markets platform and secondary-investment expertise.
Reported cash purchase price. $1.75 billion (Announced 2021)
Source
2020
Acquire Legg MasonM&A
Background
Franklin pursued greater scale and a wider set of specialist investment capabilities. Franklin Templeton aimed to expand its specialist-manager network and institutional and retail investment capabilities. The transaction was intended to increase scale and diversify Franklin Templeton across investment affiliates, institutional distribution, and asset classes.
Action taken
The company acquired Legg Mason and combined the two global investment platforms. Franklin Resources completed the acquisition of Legg Mason and incorporated its investment affiliates into the wider organization.
Aftermath
The combination expanded institutional, retail, specialist, and international capabilities. The combined organization was reported to manage approximately $1.4 trillion in assets at the time of the transaction. Franklin Templeton became a larger multi-affiliate manager with broader institutional and global capabilities.
Combined assets under management. $1.4 trillion (At transaction announcement in 2020)
Source
2019
Acquire Benefit Street PartnersM&A
Background
The firm pursued growth in alternative credit and private-market investment capabilities.
Action taken
Franklin Templeton acquired Benefit Street Partners.
Aftermath
Benefit Street Partners became part of the organization's alternatives platform.
Source
1992
Acquire Templeton, Galbraith & HansbergerM&A
Background
Franklin sought to combine its domestic income and fixed-income strengths with Templeton's international investment heritage. Franklin sought to expand beyond its established U.S. mutual-fund and income-investing base. Franklin sought to strengthen its international investment capabilities and broaden its identity beyond a primarily domestic mutual-fund franchise.
Action taken
The company acquired Templeton, Galbraith & Hansberger, bringing international and global-investing expertise into the combined organization.
Aftermath
The transaction established the firm's enduring multi-brand global investment structure. The transaction created the Franklin Templeton combination and became the foundation for the organization's multi-brand identity. The transaction gave Franklin a major global and emerging-markets platform and became a central part of its international brand.
Reported acquisition cost. $913 million (1992)
Source

Recent events

2025
Franklin Templeton launches a bitcoin-and-ether spot ETF[1]Franklin Templetonen.wikipedia.org
Product launch · Regulation
The company launched a spot cryptocurrency ETF combining bitcoin and ether exposure and separately sought regulatory approval for a Solana spot ETF.
2025
Franklin Templeton launched a spot crypto exchange-traded fund[1]Franklin Templetonen.wikipedia.org
Product launch
The firm launched a spot crypto ETF holding an approximate combination of 80% bitcoin and 20% ether.
2025
Franklin Templeton filed for a spot Solana ETF[1]Franklin Templetonen.wikipedia.org
Product launch · Regulation
Franklin Templeton submitted an application to the U.S. Securities and Exchange Commission for a spot Solana exchange-traded fund.
2024
Franklin Templeton completes Putnam Investments acquisition[1]Franklin Templetonen.wikipedia.org
M&A
The Putnam transaction closed, further enlarging Franklin Templeton's U.S. investment-management and retirement-services presence.
2023
Reports describe mandatory Xi Jinping Thought courses for China-based executives[1]Franklin Templetonen.wikipedia.org
Regulation · Other
Bloomberg reported that Franklin Templeton executives in China were required to attend courses concerning Xi Jinping Thought, highlighting the operating and regulatory pressures facing foreign financial firms in China.
2023
Franklin Resources completes acquisition of Putnam Investments[5]Franklin Resources corporate websitefranklinresources.com
M&A
The company completed the Putnam transaction, integrating another established investment-management franchise into the Franklin Templeton organization.
2023
Franklin Templeton agreed to acquire Putnam Investments[1]Franklin Templetonen.wikipedia.org
M&A
Franklin Resources announced an agreement to acquire Putnam Investments from its parent company, Power Corporation of Canada, broadening its institutional, retirement, and wealth-management presence.
2022
Franklin Templeton completed the acquisition of Alcentra[1]Franklin Templetonen.wikipedia.org
M&A
Franklin Templeton completed its purchase of Alcentra from BNY Mellon Investment Management, adding European alternative-credit capabilities.
2022
Franklin Templeton acquired O'Shaughnessy Asset Management[1]Franklin Templetonen.wikipedia.org
M&A
The transaction added the quantitative and factor-investing capabilities of the firm founded by James O'Shaughnessy.
2021
Franklin Templeton launched a blockchain-enabled mutual-fund pilot[1]Franklin Templetonen.wikipedia.org
Product launch · Other
The firm introduced a pilot of the OnChain U.S. Government Money Fund using blockchain infrastructure to process transactions and record share ownership.

Showing the 10 most recent.

Overview

History

Products and positioning

Controversies

Brand decisions

Recent events

Related entries

Sources7 sources

Overview

History

Products and positioning

Controversies

Brand decisions

Recent events

Related entries

Sources7 sources