M&G extends property suspension as it waives fees on excess cash
Cash level raised to 21%
M&G has maintained the suspension on the M&G Property Portfolio as it continues to "balance the objective of raising cash levels with the need to protect the interests of all our investors".
Now entering its 14th month of suspension, the managers have sold a further two assets in January, raising the cash level of the fund to 21% from its 4.8% level in December 2019. As a result of this,...
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