M&G has joined Standard Life Investments and Aviva in suspending trading on its property fund in order to meet redemptions, amid a post-Brexit rush to exit the asset class. Trading has been suspending in the M&G Property portfolio with immediate effect, with Aviva Investors suspending trading earlier today and SLI suspending yesterday.
M&G said: “We announce a temporary suspension of trading in the shares of the M&G Property Portfolio and its feeder fund. Investor redemptions in the fund have risen markedly because of the high levels of uncertainty in the UK commercial property market since the outcome of the European Union referendum… READ ENTIRE ARTICLE NOW>>
[Source: Investment Week – July 4, 2016]
