M&G suspends property portfolio fund amid Brexit tension

M&G Investments (M&G) has temporarily suspending dealing in the shares of the M&G Property Portfolio and its feeder fund with immediate effect. In recent months, unusually high and sustained outflows from the M&G Property Portfolio have coincided with a period where continued Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector have made it difficult for us to sell commercial property. Given these circumstances, we have now reached a point where M&G believes it will best protect the interests of the funds' customers by applying a temporary suspension...