M&G to reopen property fund after 17-month suspension

Set to reopen 10 May 2021

James Baxter-Derrington
clock • 2 min read
M&G has waived 30% of the annual charges on the fund since it began its suspension
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M&G has waived 30% of the annual charges on the fund since it began its suspension

M&G Investments will reopen the M&G Property Portfolio and its feeder fund at midday on 10 May 2021, more than 17 months after it first pulled down the shutters.

Over the course of the suspension, the managers have exchanged or sold 38 properties for a combined discount to net asset value of 0.1%, of which more than a third were retail properties. Suspended...

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