M&G suspends £2.5bn property fund as assets plummet
Following waves of outflows
M&G blamed "Brexit-related political uncertainty" for the closure
The M&G Property Portfolio has been suspended following "unusually high and sustained outflows", with the fund’s AUM declining by roughly £1bn since the start of the year.
In a statement on Wednesday (4 December) M&G blamed "Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector" for its inability to sell commercial property at the rate...
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