Boston-based
Fidelity Investments has promoted
John Porter, a natural resources sector analyst who oversees four sector funds, to portfolio manager of the diversifed
Advisor Dynamic Capital Appreciation Fund. Porter will take on his new duties December 1, according to
Anne Crowley, a fidelity spokeswoman. He has been managing the
Select Energy Portfolio,
Select Natural Resources Portfolio,
Advisor Natural Resources Fund and
VIP Natural Resources Portfolio.
Moreover, Crowley said the firm has yet to name a new manager, or managers, for those sector funds. Porter is taking over for
Fergus Shiel, who was handed additional responsibilities earlier this year. Shiel was appointed portfolio manager of the hefty
Fidelity Fifty fund at the start of this year, and he manages the Fidelity
Independence Fund as well.
 
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