Abbey National declined 6.4 percent on Friday after JP Morgan Chase & Co said the UK's No. 2 mortgage lender will probably have to cut its dividend.
"Financials are being hit the most," said Klaus Roepke, who helps manage about US$11 billion at Nordea Investment Management in Copenhagen. Roepke said he holds more health stocks than are represented in benchmark indexes because their income is relatively predictable.
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