RPT-BAY STREET-With TSX shaky, fund managers play defense
* Fund managers favor non-cyclical sectors, stocks * Global growth, China, Europe fears weigh * Some see rotation to cyclical stocks in second half 2012 By Jennifer Kwan TORONTO, April 15 (Reuters) - With China's massive economy slowing and fresh signs of trouble in Europe, many Canadian fund managers are now favoring defensive stocks over growth-driven sectors such as mining and energy. So-called safe-haven sectors of the Toronto Stock Exchange's benchmark index such as
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