Cyclical and growth traits evident among industrials

Fund managers define UK general industrial companies in differing terms, with some seeing them as cy...

Fund managers define UK general industrial companies in differing terms, with some seeing them as cyclicals and some pointing to growth attributes. Crispin Finn, director of UK equities at Credit Suisse Asset Management, who is generally overweight industrials, veers to the growth side of the argument. He says: "Some investors think these are purely cyclical stocks and the upturn we have seen in their fortunes is easing off. But there are those, including myself, who see scope for these businesses to recreate themselves and generate reasonable growth in a reasonable economic environment....