M&G Property Portfolio suspension sees second extension

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 UK retail sector". When the £2.4bn AUM fund's authorised corporate director (ACD) M&G Securities moved to extend the suspension on 2 January, the fund had raised £137m to increase the cash position of the fund, with £70.4m already exchanged or completed, while £67.2m remained under offer "or in solicitors' hands". Since then, according to M&G, the fund's managers "have made good progre...