M&G keeps freeze on UK property fund despite raising cash
The UK insurer and asset manager is freezing the M&G Property Portfolio and feeder fund on Brexit uncertainty and weakness in the retail sector
02 January 2020 - 13:24
London — British insurer and asset manager M&G will continue the suspension of its £2.5bn property funds, it said on Thursday, after selling £70.4m of real estate assets to raise cash.
M&G said on December 4 that it was freezing the M&G Property Portfolio and its feeder fund after Brexit uncertainty and weakness in the retail sector led to a surge in investor requests to cash out...
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