April 2, 2004 — Fidelity Investments has named new portfolio managers to oversee the Select Financial Services (FIDSX) and the Select Construction & Housing (FSHOX).
Matt Fruhan took over the Financial Services fund, succeeding Jeffrey Feingold, who has been named co-director of research. Fruhan has run the Select Cyclical Industries (FCYIX) since 2002 and previously managed two other Fidelity sector funds.