Good Medicine: Health-Care Fund Manager Prescribes Merck & Co., Inc. (Jobs) , Schering-Plough Corporation (Jobs) , Applied Biosystems
BOSTON (MarketWatch) -- Pharmaceutical stocks are just what the doctor ordered for the health-care sector fund that Larry Mano co-manages.
"We're trying to maintain a defensive posture," said Mano, who has been involved with running the Schwab Health Care Fund since 2000. "We're waiting to see what's going to happen with the [healthcare] industry and the economy this coming year."