£164m prop­erty fund is sus­pended

Yorkshire Post - - BUSINESS -

UP­DATE: M&G’s life and pen­sions arm said it has sus­pended a £164m prop­erty fund, days af­ter the Bri­tish fund man­ager froze deal­ing in its flag­ship UK prop­erty fund.

The ban im­pacts the Pru­den­tial M&G Prop­erty Port­fo­lio Fund, a fund fully in­vested in M&G’s Prop­erty Port­fo­lio.

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