M&G suspends property fund

  • M&G have suspended their UK commercial property fund – the largest.
  • It is a £2.5bn fund.
  • It has suffered £1bn of outflows over the last 12-months.
  • They cite Brexit uncertainty. There was a 4-month suspension in 2016 post the referendum.
  • Performance since 2016 relative to the sector has been poor.

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