George Godber and Georgina Hamilton, Managers of the Polar Capital UK Value Opportunities Fund, discuss the Budget, its implications for the Fund, and its impact on the broader UK investment landscape. They outline why they expect the measures create a more supportive backdrop for an improved UK outlook over the medium to long term.
They believe the Budget strengthens the case for expected rate cuts, improving the outlook for rate-sensitive areas such as REITs, housebuilders, and consumer-facing mid caps. With over two-thirds of the Fund exposed to domestic earners and around half in SMID caps, they believe the portfolio is well positioned to benefit as lower rates, easing refinancing pressures, and stable policy expectations begin to support sentiment and valuation rerating into 2026.
George Godber and Georgina Hamilton, Managers of the Polar Capital UK Value Opportunities Fund, discuss the Budget, its implications for the Fund, and its impact on the broader UK investment landscape. They outline why they expect the measures create a more supportive backdrop for an improved UK outlook over the medium to long term.
They believe the Budget strengthens the case for expected rate cuts, improving the outlook for rate-sensitive areas such as REITs, housebuilders, and consumer-facing mid caps. With over two-thirds of the Fund exposed to domestic earners and around half in SMID caps, they believe the portfolio is well positioned to benefit as lower rates, easing refinancing pressures, and stable policy expectations begin to support sentiment and valuation rerating into 2026.
George joined Polar Capital in April 2017 to manage the Polar Capital UK Value Opportunities Fund with Georgina Hamilton. Prior to this, George managed the CF Miton UK Value Opportunities Fund and the Miton Undervalued Assets Fund at Miton Group.
Previously, George co-founded Matterley Asset Management in 2008 and was co-manager of the group’s Undervalued Assets Fund. Before founding Matterley, George was a Director of Equity Sales at Credit Suisse.
Georgina Hamilton, CFA
Georgina joined Polar Capital in October 2016 to set up the UK Value Team. Prior to this, she was with Miton Group where she managed the CF Miton UK Value Opportunities Fund and the Miton Undervalued Assets Fund.
Previously, Georgina was a lead analyst for the Undervalued Assets Fund at Matterley Asset Management. Georgina holds a double first in Biological Anthropology and Natural Sciences from Jesus College, Cambridge and is a CFA charterholder.
