Franklin Resources (BEN -2.7%) trades lower after reporting its month-end AUM declined nearly 8%...

|About: Franklin Resources Inc. (BEN)|By:, SA News Editor

Franklin Resources (BEN -2.7%) trades lower after reporting its month-end AUM declined nearly 8% M/M. The company suffered over $9B of net outflows in September, up from $1B in August. Underperformance from the company's global and international strategies caused the worst hit due to bad currency bets, particularly in its flagship Templeton Global Bond Fund.