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View Full Version : Franklin Resources profit falls as fund fees drop (AP)


Yahoo! Finance
01-28-2009, 12:00 PM
<b>Yahoo! Finance: Mutual Fund News</b>

Franklin Resources Inc. on Wednesday said its fiscal first-quarter profit shrank 77 percent as the financial meltdown led investors to pull money out of the asset manager's mutual funds, sending revenue down 42 percent.

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