In a move that analysts say shows a loss of faith in the mutual fund industry by its biggest player, Fidelity Investments slashed its holdings from several large fund companies, including ones recently named in the growing scandal, Reuters reports.

Fidelity sold a whopping 72% of its shares in Marsh & McLennan, the parent company of Putnam Investments, Securities and Exchange Commission documents show. It also sold some of its Prudential, T. Rowe Price and Franklin shares.

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