M&G Property remains shut but anticipates 16% cash position
Update reveals £245m of assets are now in solicitors’ hands or under offer
Update reveals £245m of assets are now in solicitors’ hands or under offer
BMO Gam pricing switch could signal change in sentiment after M&G Property Portfolio suspension
Comes mere months after M&G suspended fund after mass outflows from the direct property sector
CIO appears to make swipe at rivals with high cash buffers
ACD may have to take a stricter line on the property portfolio
‘They’ve been a long time getting to that decision’
Aberdeen UK Property has a 49.5% allocation to sector that caused M&G headaches
£2.5bn fund has been twice suspended twice and hovers at the bottom of UK Direct Property sector
M&G Property Portfolio was not alone in its hefty exposure to the beleaguered sector
Kames and Columbia Threadneedle the most cash-lite while peers have up to 30% buffer
‘All eyes’ on the sector as M&G suspends property fund
Stance puts him in ‘a very different place’ to other managers expecting slowdown