Some of the very reasons that made Franklin Resources seem destined for success earlier in the year, have caused the fund group to fall even harder than some of its counterparts in the market downturn.

While Franklin Resources' acquisition of the Templeton Group in 1992 was seen as a coup in that it brought Franklin a large group of international funds, the combined company has suffered as international markets have turned down even more sharply than U.S. markets. And, although Franklin Resources had been admired for being able to command some of the highest fees in the industry, it is now possible that its fees have made investors flee particularly quickly as the market has turned bearish.

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