Fidelity announced that Katherine (Katie) Shaw joined the management roster, replacing Geoff Stein on Fidelity Advisor Asset Manager series effective Nov. 1, 2023. Stein departed the series to focus on his role as CIO of Global Asset Allocation, which he started at the beginning of 2023. Shaw will be working closely with Avishek Hazrachoudhury, a manager on this strategy since 2018. Shaw joined Fidelity in 2007 and has held various roles in the consumer discretionary sector including a portfolio manager and a sector leader. This is a notable change, but the team continues to be well-staffed and appropriately supported by the firm’s resources. The changes to the management roster do not affect the fund’s Average People Pillar rating.
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