Cyclical stocks look set to perform well in 2000

An increase in global growth next year will be a boon for cyclical stocks and these are finding favour with portfolio managers. Kenneth Warnock, UK fund manager at Johnson Fry, is overweight in selected stocks including British Aerospace, Bodycote International and Hanson. He says these companies with their strong market positions are set to do well next year. The FTSE All Share Engineer & Machinery index is up 14.78% in the 12 months to 6 December compared with a 22.43% rise in the FTSE All Share in the 12 months to 7 December. The house building sector, another typically cyclical secto...