New York | Franklin Templeton is battling the worst quarter for outflows in its history, as reputational damage and poor returns spurred tens of billions of dollars of withdrawals from its fixed-income business just as rivals are being boosted by falling interest rates.
The group, which manages $US1.7 trillion ($2.6 trillion) in assets, announced in August that the co-chief investment officer of its largest subsidiary had been put on leave amid a probe by the Securities and Exchange Commission.
