Franklin Templeton reported the highest outflows of any asset
manager in Europe in 2016 with investors pulling over $13 billion
from its funds since January. This added pressure to a company
already being forced to cut staff to save costs. The fund house was
the worst afflicted asset manager in Europe in May, when it
registered $3.3 billion of outflows. Franklin Templeton was hurt by
reduced investor interest in emerging market exposure over the past
12 months, although its clients pulled money from a wide range of
its funds, according to Morningstar, the research firm.
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