WRAPUP 2-Profits jump at fund managers Franklin, Invesco

* Quarterly profits triple at Franklin, Invesco

* Recovering markets and new demand boost assets

* Invesco shares up 4 pct, Franklin up over 1 pct (Adds closing share prices)

BOSTON, April 28 (Reuters) - Money managers Franklin Resources Inc (BEN.N) and Invesco Ltd (IVZ.N) saw quarterly profits triple as recovering markets and new demand for their stock and bond funds helped boost assets.

Franklin, which manages the popular Franklin Income Fund and Templeton Global Bond Fund, said on Wednesday that it took in $17.4 billion in new cash during the quarter while investors added $3.7 billion to Invesco's long-term funds.

Stronger stock markets have persuaded investors to slowly put money to work again, shifting from low-yielding money market funds into longer-dated fixed income and equity funds.

But as demand picks up again, investors are differentiating more than ever between geographic regions, preferring to put the bulk of money into foreign-oriented funds like those managed by San Mateo, California-based Franklin.

Franklin's inflows helped boost net income to $356.7 million or $1.55 a share, during its fiscal second quarter that ended on March 31. A year ago, the company reported $110.8 million, or 47 cents a share.

Wall Street analysts forecast earnings of $1.56 per share according to Thomson Reuters I/B/E/S.

New inflows helped push total assets under management to $586.8 billion, the company said in a statement.

At Atlanta-based Invesco, assets under management at the end of the quarter totaled $419.6 billion, down slightly from the end of 2009 but up 21 percent from a year earlier. Customers withdrew a net $10.6 billion from institutional money market funds and added $3.7 billion to long-term funds. Foreign exchange movements reduced reported assets under management by $4.4 billion.

Invesco, now completing the purchase of Morgan Stanley's (MS.N) mutual fund unit, which managed $123 billion at the end of March, said net income jumped to $95 million, or 21 cents per share, from $31 million, or 8 cents a share, a year earlier.

Shares of Invesco gained 4.3 percent to close at $21.61 on the New York Stock Exchange. Franklin shares ended up 1.1 percent at $114.20. (Reporting by Svea Herbst-Bayliss and Aaron Pressman; Editing by Tim Dobbyn, Bernard Orr)