Publicly-traded mutual fund company Franklin Resources, Inc. (BEN) announced Thursday it had earned $501.2 million in net income, or $2.23 per share (diluted), on $1.70 billion in revenues for the fourth quarter ended Dec. 31, 2010, versus $372.9 million in net income, or $1.65 per share (diluted), on $1.53 billion in revenues for the third quarter. In the fourth quarter in 2009, net income was $355.6 million, or $1.54 per share (diluted), on $1.38 billion in revenues.
Aggregate assets under management (AUM) for the company grew from $553.6 billion as of Dec. 31, 2009 to $670.7 billion at Dec. 31, 2010. For the quarter, total AUM was up 4% from $644.95 billion in AUM as of Sept. 30.
Equity assets grew to 44% of total AUM at Dec. 31, 2010, versus 43% at Sept. 30, 2010 but were down from 46% at Dec. 31, 2009. Fixed-income assets grew to 39% of total AUM at Dec. 31, 2010 and Sept. 30, 2010, from 34% at Dec. 31, 2009. Hybrid and other assets were 17% of total AUM at Dec. 31, 2010,
