The Industrials Sector covers a broad range of companies engaging in activities that can be divided into three parts: manufacturing of capital goods; provision of commercial and professional services; and the supply of transportation services. The sector, therefore, underpins all economic activity and consists of industries such as aerospace, defence, transportation, as well as construction. The industry is typically a cyclical one, highly responsive to general economic conditions - it tends to outperform in rising markets and underperform in falling markets. Despite this, the industry is a particularly exciting one as it moves in tandem with geopolitics and all global activity.