trending Market Intelligence /marketintelligence/en/news-insights/trending/-OmUThflNqa37JKxu7U3ug2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

M&G Investments continues suspension of £2.5B UK property fund

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


M&G Investments continues suspension of £2.5B UK property fund

U.K. asset manager M&G Investments will continue the temporary suspension of its flagship U.K. property portfolio and feeder fund until further notice.

M&G Investments noted that the decision was taken by the fund's authorized corporate director to protect investors, while the company's immediate priority will be to raise cash levels in a "controlled manner."

Since the end of November 2019, the company sold £70.4 million of assets and an additional £67.2 million is under offer or in solicitors' hands.

M&G Investments temporarily suspended dealing in the shares of M&G Property Portfolio in early December 2019, citing Brexit-related uncertainty and ongoing structural shifts in the British retail sector. As of Nov. 30, 2019, the fund had £2.5 billion in AUM, with a cash position of 4.8%.

The company added that the fund will be reopened "once cash levels have been sufficiently restored," although it did not specify a date.