Company News 

Seven Days: 6 December 2019

Seven Days: 6 December 2019

M&G gates fund

M&G has suspended trading in its £2.5bn M&G Property Portfolio (GB00B89X8P64) “with immediate effect”. The fund manager said it had seen “unusually high and sustained outflows” from the funds in recent months due to Brexit uncertainty and “ongoing structural shifts in the UK retail sector”. The suspension will allow managers time to raise cash to pay for redemptions, and the fund is waiving 30 per cent of its annual charge while it is suspended. A number of property funds temporarily closed – known as 'gating' – in 2016 in the wake of the EU referendum.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now