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Managers have assured investors their assets were safe, despite suspension fears
Industry experts fear the suspension of the M&G Property Portfolio could lead to a swathe of gatings in the space, despite reassurances from asset managers that their funds have enough of a cash buffer to meet investor redemptions.
M&G shuttered its property fund on Wednesday, blaming "Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector" for a wave of "unusually high and sustained outflows"....
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