UK property funds reassure investors after M&G suspension
Cash levels remain elevated
Property funds continue to trade with elevated cash levels
Fund houses have moved to reassure investors they have enough of a cash buffer to meet investor redemptions, in the wake of the suspension of dealing in the M&G Property Portfolio fund on Wednesday (4 December).
M&G said it would shutter its £2.5bn open-ended property fund following "unusually high and sustained outflows", which data from Morningstar estimates at £950m in the year to 30 November. It also blamed...
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