M&G stock keeps tumbling as Richard Woolnough strategy sheds £5bn
HL maintains high allocation to M&G Optimal Income despite booting it from Wealth 50
M&G
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M&G launches redundancy scheme to cut staff costs by 10%
Group AUM jumps to £352bn despite ‘challenging’ environment for retail business
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M&G Property remains shut but anticipates 16% cash position
Update reveals £245m of assets are now in solicitors’ hands or under offer
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DFM property allocations run from underweight to highest ever levels
BMO Gam pricing switch could signal change in sentiment after M&G Property Portfolio suspension
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BMO UK Property switches pricing indicating ‘big shift’ in sentiment
Comes mere months after M&G suspended fund after mass outflows from the direct property sector
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M&G pans ‘idle’ cash in £2.4bn property fund update
CIO appears to make swipe at rivals with high cash buffers
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Cash levels in suspended M&G fund still lag despite £137m update
ACD may have to take a stricter line on the property portfolio
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Hargreaves finally ousts M&G Recovery from Wealth 50
‘They’ve been a long time getting to that decision’
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Aberdeen Standard reviewing property fund after M&G suspension
Aberdeen UK Property has a 49.5% allocation to sector that caused M&G headaches
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M&G property fund rakes in £100m in fees since Brexit vote
£2.5bn fund has been twice suspended twice and hovers at the bottom of UK Direct Property sector
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Retail de-rating could compound problems for UK property funds
M&G Property Portfolio was not alone in its hefty exposure to the beleaguered sector
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Property funds reassure investors as cash levels rival M&G portfolio
Kames and Columbia Threadneedle the most cash-lite while peers have up to 30% buffer
