The as-yet unknown impact of a hung parliament on Brexit negotiations and wider fiscal policy should not be underestimated with Godber, who manages the newly-launched UK Value fund at Polar alongside Georgina Hamilton, now closely monitoring movements in the fund’s stocks.
Around five of the fund’s stocks in the financial and building materials sector could be sold off in the aftermath of the election.
“We have to look at things, we don’t intend to make rushed decisions but yes there are things we’re looking at thinking, could that be affected?” Godber said.
He added: “It is better to focus on the fundamentals of the business and what we think it’s capable of delivering but there’s no doubt, I think, that there was a change last Friday that wasn’t in people’s minds.
“A lot of them said ‘it’s fine’, but I actually think the political landscape in the UK has changed and there are consequences of that.
“It’s a case of waiting to see what those consequences are.”
“We’re just going to have to be aware that as the world looks at the UK it is likely that sterling continues to devalue from here.
“It’s not going to plummet like after Brexit but we’ve already had one of the major credit ratings come out with a slightly more negative stance so that has an impact.”
