trending Market Intelligence /marketintelligence/en/news-insights/trending/xIfe0_4psp0CQWeqWkEE6w2 content esgSubNav
In This List

M&G suspends £164M fund, following flagship fund suspension

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


M&G suspends £164M fund, following flagship fund suspension

M&G's life and pensions division suspended a £164 million property fund that is fully invested in the company's flagship U.K. property fund which was itself suspended on Dec. 4, Reuters reported.

The fund in question is the Prudential M&G Property Portfolio Fund, the newswire said, citing a company spokesman.

The suspension comes after M&G Investments suspended dealing in the shares of its £2.54 billion M&G Property Portfolio, citing Brexit-related uncertainty and changes in Britain's retail sector.

Non-property funds PruFund Growth, PruFund Cautious and the Risk Managed PruFund remain unaffected by the latest suspension as they do not invest in M&G Property, according to the spokesman. There will also be no disturbance regarding withdrawals linked to retirement benefits.