Fidelity Tuesday added four sector funds to its Advisor Focus line. The new funds, which focus on consumer staples, gold, materials and telecommunications, bring Fidelity’s Advisor sector lineup to 14 and the total number of funds distributed through its advisor channel to 92.The new funds continue the restructuring of Fidelity’s Select Portfolio, VIP and Advisor Focus Fund lineup. So far, the Boston-based company has already changed the names and investment policies of several funds, and adopted various benchmarks.

The new advisor-channel funds, “if structured appropriately, can be used on their own to build a diversified portfolio using our sector funds in conjunction with asset allocation tools,” said Martha B. Willis, executive vice president of Fidelity’s Institutional Services Company. 

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.