Article preview: With so much political and economic uncertainty, it’s little surprise that some investors are having a wobble. The news this week that fund manager M&G is temporarily suspending trades for its M&G Property Portfolio is unsurprising during a time of nervousness. Dealing in the £2.5bn property portfolio was suspended with immediate effect because the demand for redemptions could not be met quickly enough by selling property assets. It’s not the first time we’ve seen this happen with open-ended commercial property funds, and we can safely say it won’t be the last time.
What’s happening to property funds?
This 675-word blog post looks at the dealing suspension of the M&G Property Portfolio and new data from Morningstar showing redemption levels from UK commercial property funds in the last year, explaining why a temporarily dealing suspension was imposed and what it means for investors in this asset class. Written on 7th December 2019.
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