M&G Prudential suspends UK Property fund

Following M&G suspension

clock • 2 min read

M&G Prudential has suspended its UK property fund following the suspension of the M&G Property Portfolio earlier this week, Professional Adviser can reveal.

Pru said it suspended transactions on Thursday (5 December) on "a number of insured property funds" that it offers. It confirmed these funds were linked to the £2.5bn M&G Property Portfolio, which was suspended earlier this week. Pru emphasised the suspension does not impact the PruFund Growth, PruFund Cautious or the Risk Managed PruFund range of funds as they do not invest in M&G Property Portfolio.  This is not the first time the fund, first launched in 1991, has been suspended. It was suspended during 2016 after the Brexit referendum, and again in June this year.  According to FE ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read