Investors pull further £750m from M&G property fund

The fund has now shrunk to £1.23bn from £2.1bn when it reopened. Figures from the fund's latest factsheet show its liquidity was at 18.2% as of 21 June, with 16% cash and 2.2% in REITs. The group said in the factsheet that "redemptions have reduced significantly from the elevated levels seen in the first two weeks following resumption of dealing". In addition, the fund managers have been able to sell some of the holdings at attractive prices with one, Heritage House, sold at a yield of 2.17%. The fund had also sold its largest holding, Bedfont Lakes, a South East office and Quantum...