Fidelity Investments launched a new "specialty window" investment...

Fidelity Investments launched a new "specialty window” investment option for 401(k) plans. It will be similar to a mutual fund window but will contain the 40 Fidelity Select Portfolios, allowing participants to invest in specific industries among the seven sector funds included in the array: consumer, cyclicals, financial services, health care, natural resources, technology and utilities. According to a recent release, "they may be more volatile than funds that diversify across many industry sectors and companies.” The portfolios were launched for individual investors in July 1981.