(Bloomberg) -- Franklin Resources, manager of the Franklin and Templeton mutual funds, said fiscal first-quarter profit fell 6.2% as investors pulled money from the firm’s best-known global bond funds.

Net income for the three months ended Dec. 31 declined to $566.4 million, or 91 cents a share, from $603.8 million, or 96 cents, a year earlier, the San Mateo, California-based company said today in a statement. Analysts had expected earnings of 94 cents, according to a survey of 17 analysts by Bloomberg.

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