The firm said the decision is a direct result of the announcements by Aviva Investors and M&G Investments that they have temporarily suspended trading in the Aviva Property Trust Fund and M&G Property Portfolio and their feeder funds respectively.
But, it said, the suspensions apply only to Prudential funds that invest solely in the Aviva and M&G funds, with its multi-asset fund ranges unaffected.
“Following the EU referendum result there has been significant market uncertainty. Prudential will monitor the situation on an ongoing basis and further action will be considered when the suspensions in the underlying funds are lifted. The Financial Conduct Authority has been informed,” it said.
The Prudential single-asset unit-linked property funds affected by the temporary suspension are the Prudential Property Pension Fund, Prudential Property (Ex Scot Am) Life Fund, Prudential Property Life Fund, Prudential Property Life Fund (Inc), Prudential Aviva Property Trust Pension Fund and Prudential Aviva Property Trust Life Fund.
