Fidelity Investments will move about $30 billion in mutual fund assets to MSCI Barra indexes from both Standard & Poor's and Goldman Sachs indexes, confirmed Fidelity spokesman Mike Shamrell. Of the fund giant's 58 sector or industry-specific mutual funds, four will remain benchmarked to either S&P or Goldman Sachs indexes: the $1.54 billion Select Gold Portfolio, the $1.37 billion Select Natural Gas Portfolio, the $1.16 billion Select Natural Resources Portfolio and the $199 million Select Construction and Housing Portfolio. The changes are expected to take effect in the fourth quarter of this year.
David Guarino, a spokesman at S&P, declined comment. Goldman Sachs spokesman Ed Canaday was not available by press time.