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M&G Exclusive: Why the £565m Real Estate Fund Launch?

M&G Plc has announced plans to close its £565 million ($686 million) M&G Property Portfolio, a real estate fund aimed at retail investors.

M&G Plc prepares to close its property fund for retail investors after experiencing sustained outflows and multiple fund freezes. PHOTO: BEN PHILIPS/fn
M&G Plc prepares to close its property fund for retail investors after experiencing sustained outflows and multiple fund freezes. PHOTO: BEN PHILIPS/fn

The decision comes after the fund experienced sustained outflows and several episodes of freezing withdrawals.

The fund has now suspended trading and will gradually liquidate its remaining assets over the course of approximately 18 months, with investors set to receive their cash

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