M&G raises £137m as Property Portfolio remains gated

clock • 1 min read

The M&G Property Portfolio and its feeder fund are to remain suspended until further notice, the firm has announced in an update to investors. The funds were first suspended on 4 December 2019, following "unusually high and sustained outflows", which the firm attributed to "Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector". The decision to extend the suspension has been made by the authorised corporate director (ACD), M&G Securities, "in the interests of protecting the fund's investors". Since the end of November, the fund has raised £137m ...

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