To beat a market that appears to have finally succumb to pressures from the hurricanes, Fed rate increases and penny-pinching consumers, many mutual fund managers are running for cover in more stable sectors of the stock market.

Some fund managers are bound by style-drift, a recent report from Investor's Business Daily notes, but others are more flexible and are finding a safe haven in food companies and health care.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.