Top Funds Buy Defensive Health Care Stocks
Heading closer to the end of the year and the fiscal cliff, managers of top-performing funds the past three months have been slow to make big bets on a market direction. Leading funds have been easing into defensive sectors, such as medical stocks ResMed (RMD), Watson Pharmaceutical (WPI), Illumina (ILMN) and HCA Holdings (HCA), in their latest reporting periods. The Lipper health/biotech group was the best-performing sector year to date through
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