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Morningstar downgrades Franklin Templeton parent rating

Morningstar has downgraded its parent pillar assessment for Franklin Templeton US funds from positive to neutral following concerns about "massive outflows" and an "investment culture given to complacency," according to senior analyst Alec Lucas.

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Read more: MorningstarAlec LucasFranklin Resources BENFranklin Templeton USFinancial StandardFranklin High IncomeFranklin Income FKINXFranklin Templeton AustraliaFranklin Templeton InvestmentsRupert Johnson Sr.Templeton Global BondUnited States