The Problems with Property

Introduction The last couple of weeks have seen further pain in the UK open-ended property fund market. On 19th October, fund manager M&G announced that it would be closing its £565m Property Portfolio fund, due to “declining retail investor interest across this fund structure”. This means that daily dealing into and out of the fund has been halted, and the fund will enter the winding-up process – selling underlying assets and returning the AUM remaining…

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