The M&G Property Portfolio’s gating has been extended for a second time this month in order for the vehicle’s managers to continue to offload assets and build sufficient liquidity levels, and protect investors’ interests.
It was first suspended on 4 December last year, following "unusually high and sustained outflows", which the firm attributed to "Brexit-related political uncertainty and ongoing structural shifts in the...
Cash level raised to 21%
Advises a ‘general lifting’ of material valuation uncertainty
Tritax management team remains unchanged
Third-worst month on record
'Significant risks' remain
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams