In the Margins

Broker-sold fund firms down since DoL fiduciary rule release

April 12, 2016

By InvestmentNews

In the four full trading days since the Department of Labor announced its new fiduciary rule, some stocks of mutual fund companies are already sagging. Invesco has fallen 3.5% since its close on April 5, while Franklin Resources, one of the largest broker-sold fund groups, fell 2.65%. Two other fund company stocks that have lagged the S&P 500 index, which has fallen 0.2%, are Legg Mason and Waddell & Reed Financial, both of which fell 3.5%. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...