Post
Yuvi.
$BEN
Franklin Resources的资产规模回升，能证明客户回流吗？
Franklin Resources列入周五财报窗口。管理资产可以因市场上涨而增加，即使客户仍在净赎回。判断业务修复，需要把市场回报和有机资金流分开。
若净流量改善且收费率稳定，增长质量提高；若规模增加主要依赖市场，而费用和赎回压力持续，我不会仅凭资产总额上调盈利预期。
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