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Monday, 20 February 2017

Pimco, M&G and Franklin crash out of top-10 fund house list

Pimco, M&G and Franklin crash out of top-10 fund house list:

"Pimco, M&G and Franklin Templeton have crashed out of a list of Europe’s 10 largest asset managers after investors pulled billions of euros from their funds amid concerns about performance over the past three years. Franklin, the emerging markets specialist, was Europe’s third-largest investment house by assets under management in 2013, but has fallen to 15th today, after suffering huge outflows from its funds since 2014. Pimco, which was once home to the world’s largest bond fund, dropped from ninth position in 2013 to 18th at the end of 2016, while M&G fell from 10th largest to 23rd, according to Morningstar, the data provider."



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