From the article "Shares of large U.S. asset managers rise despite tough quarter":
"The companies each reported net withdrawals of cash by investors during the quarter. These included $28.6 billion of net new outflows at Franklin Resources, driven by withdrawals from its well-known global bond funds that have suffered poor performance.
The companies are all under pressure from the broad shift of money to low-fee passive vehicles like index funds, and the three stocks remain in negative territory for 2015 so far."
in the company bio it reads:
At Franklin Templeton Investments, we're dedicated to one goal: delivering exceptional asset management for our shareholders. (and so on) Now tell me boys and girls, based on the share price now , where is the growth?? These piglet insiders are taking home millions of dollars of income for VERY POOR PERFORMANCE!! SOMEONE NEEDS TO TOSS THEM OUT!