Amid market volatility, several stock-fund managers have been turning defensive. Managers across investment styles have lately been buying stocks of companies that they expect will hold up better through the recession, and are trading at what they consider to be low prices. These include a range of companies, from makers of toothpaste and soaps, to food companies to pharmaceutical firms.
~ WSJ, "Beaten-Up Managers Grab for 'Safter' Picks," March 4, 2009, by Shefali Anand
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