Cash levels in suspended M&G fund still lag despite £137m update
ACD may have to take a stricter line on the property portfolio
ACD may have to take a stricter line on the property portfolio
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‘They’ve been a long time getting to that decision’
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Aberdeen UK Property has a 49.5% allocation to sector that caused M&G headaches
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£2.5bn fund has been twice suspended twice and hovers at the bottom of UK Direct Property sector
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M&G Property Portfolio was not alone in its hefty exposure to the beleaguered sector
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Kames and Columbia Threadneedle the most cash-lite while peers have up to 30% buffer
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‘All eyes’ on the sector as M&G suspends property fund
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Stance puts him in ‘a very different place’ to other managers expecting slowdown
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Double hire also sees analyst join from Mondrian Investment Partners
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The key events for UK wealth managers for the week starting 12 August
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Follows launch of ESG global high yield and infrastructure funds in 2017
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Total assets in UK property funds have dwindled £3bn since the Brexit vote
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