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. 

The new Fidelity Advisor Consumer Staples Fund invests 80% in companies that manufacture, sell or distribute consumer goods, and is managed by Robert Lee.

Daniel Dupont will manage the Fidelity Advisor Gold Fund, which will invest at least 80% of its assets in companies “engaged in gold-related activities,” bullion, or coin.

The Fidelity Advisor Materials fund, managed by Jody Simes, will incest at least 80% of its assets in companies that manufacture, mine, process or distribute raw materials and immediate goods.

Finally, the Fidelity Advisor Telecommunications Fund will invest at least 80% in companies that develop, manufacture or sell communications services or equipment, but manager Brian Younger said he will aim to emphasize service companies.

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