Demands for withdrawals from funds accelerate after M&G blocks redemptions
A dash for the exit by investors has left UK property funds nursing their worst week of withdrawals since the Brexit referendum, and raised fears that further funds may be forced to close.
Last week M&G, one of the UK’s biggest asset managers, shocked small investors when it blocked withdrawals (called ‘redemptions’) from its high-profile £2.5bn property fund.
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