Franklin Resources, the US asset manager, yesterday reported net profits up 78% to $334.5m (€275.5m) in the three months to September 30 compared with the same period a year ago.

Assets grew 25% to $453.1bn in the 12 months to September 30, and 6% since June this year.

Shanny Basar in New York

Franklin Resources

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Franklin Resources grows assets 25%

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