THE LEX COLUMN: No excuses for Brexit-hit property fund
M&G Property Portfolio could have protected itself better from trends becoming more and more obvious
Is an “open-ended property fund” an oxymoron? Angry investors might well think so after dealings in the M&G Property Portfolio were suspended on Wednesday.
The UK-listed asset manager could not say how long they will have to wait to withdraw funds. A promise to waive 30% of its annual charge will be little consolation.