Fidelity names Welo co-manager to All-Sector Equity, Balanced Funds

By Tali David

Minneapolis, Nov. 14 - Fidelity Investments announced that it has appointed Tobias Welo as a co-manager to the Fidelity Series All-Sector Equity Fund, class F, and the Fidelity Advisor Balanced Fund, class A, B, C, T and institutional.

Welo joins co-managers Robert Stansky, John Avery, Adam Hetnarski, Steven Kaye, Robert Lee, Douglas Simmons, Pierre Sorel, Nathan Strik, and Peter Saperstone.

Welo is a member of FMR's Stock Selector Large Cap Group and co-manager of the fund. He also manages other Fidelity funds. Since joining Fidelity Investments in 2005, Welo has worked as a research analyst and portfolio manager.

Matthew Friedman is no longer a manager of the funds.

Fidelity is a Boston-based asset management firm.

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