In the Margins
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.
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