M&G suspends £2.5bn property fund over ‘sustained outflows’

M&G Investments has suspended trading in shares of its M&G Property Portfolio fund, citing “unusually high and sustained outflows”.

The fund house said the outflows “have coincided with a period where continued Brexit-related political uncertainty and ongoing structural shifts in the UK retail sector have made it difficult for us to sell commercial property”.

The fund, which targets retail investors, has 91 properties across the retail, industrial and office sectors, managing assets of £2.54bn as of the end of October.

The suspension will be monitored daily and formally reviewed every 28 days, M&G said, without giving