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Rating:Fidelity Offers Four-in-One Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, July 6, 1999

Fidelity Offers Four-in-One

Reported by Jason Shank

Fidelity Investments today announced that it will be launching the Fidelity Four-in-One Index Fund, a new fund offering four index diversification in one portfolio, on July 7, 1999.

The new "fund of funds," will spread its assets among a combination of four Fidelity stock and bond index funds. Seeking high total return, the new fund will invest 55 percent of its assets in Spartan Market Index Fund, and 15 percent each in Spartan Extended Market Index Fund, Spartan International Index Fund and Fidelity U.S. Bond Index Fund.

Spartan Market Index seeks to mirror the total return of common stocks represented by the Standard & Poor's 500 Index; Spartan Extended Market Index seeks to do the same for the medium- and small-capitalization stocks represented by the Wilshire 4500; Spartan International Index for foreign stock markets as represented by the MSCI EAFE Index; and Fidelity U.S. Bond Index for the Lehman Brothers Aggregate Bond Index.

"Index funds can be an important part of a broadly diversified portfolio," said Stephen Cone, president of retail and corporate marketing for Fidelity, "but concentrating on just one index may not offer sufficient diversification for changing market conditions over time. Fidelity Four-in-One Index Fund seeks to provide that level of diversification, while also giving our customers a different index fund alternative."

Fidelity Four-in-One Index Fund will be managed by Jennifer Farrelly. Farrelly currently manages an institutional index portfolio as well as structured active equity portfolios for various institutional clients. From 1994 to 1997, she managed Spartan Market Index Fund, Spartan U.S. Equity Index Fund and Fidelity VIP II: Index 500. 

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