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Friday, June 16, 2006

Fidelity Switches Benchmarks

by: Marie Glancy

Fidelity Investments has decided that most of its sector funds can be better evaluated using different benchmarks. Namely, it's settled on the Morgan Stanley Capital International (MSCI) indices for most funds in the Select Portfolios, Advisor Funds and VIP series, reported Reuters Thursday.

The move is pending shareholder approval. A minority of sector funds will remain with Standard & Poor's and Goldman Sachs indices, the current benchmarks.  

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