M&G property portfolio remains suspended as it struggles to boost cash levels

James Baxter-Derrington
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M&G said the fund's reopening is contingent on cash levels rising again
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M&G said the fund's reopening is contingent on cash levels rising again

The M&G Property portfolio remains suspended, according to the fund's latest update this morning, as both the fund's authorised corporate director and depositary continue to agree they can "best protect the interests of all its investors by continuing the temporary suspension in dealing in its shares." Originally suspended on 4 December 2019 due to "unusually high and sustained outflows", which the firm attributed to "Brexit-related political uncertainty and ongoing structural shifts in th...

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