Investors pull £870m from M&G property fund

Fund is now £1.23bn

clock • 2 min read
M&G Property Portfolio is now £1.23bn
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M&G Property Portfolio is now £1.23bn

Investors in the M&G Property Portfolio have pulled £870m since it reopened on 10 May, with a recent reduction in outflows leaving the investment committee mulling if they should continue with asset sales.

The fund has now shrunk to £1.23bn from £2.1bn when it reopened. Figures from the fund's latest factsheet show its liquidity was at 18.2% as of 21 June, with 16% cash and 2.2% in REITs. The group...

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