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Relief for trapped savers as M&G reopens property fund after 18 months

M&G has said it will reopen its property fund on 10 May - nearly 18 months after it was suspended - offering some relief to trapped savers.
The investment firm froze its £2.1billion Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty and that it would not be able to sell buildings fast enough to return cash to savers who wanted their money back.
Since then, the pandemic has piled more uncertainty onto the commercial property sector as shops have been shuttered and companies are looking to cut back on office space.
Reopening: Investors in M&G Property Portfolio Fund will be able to access their funds in May ....

Laurence Mumford , Moira Oneill , Justin Upton , Bryan Hughes , Mg Property Portfolio Fund , Property Portfolio Fund , Oli Creasey , Financial Conduct Authority , லாரன்ஸ் மம்ஃபோர்ட் , மாய்ர ஓனேிழில் , ஜஸ்டின் அப்டன் , ரியான் ஹக்ஸ் , மிகி ப்ராபர்டீ போர்ட்‌ஃபோலீயோ நிதி , ப்ராபர்டீ போர்ட்‌ஃபோலீயோ நிதி , நிதி நடத்தை அதிகாரம் ,

M&G offers hope to trapped savers as it plans to reopen property fund

M&G has said it may soon reopen its long-suspended property fund, offering some relief to trapped savers.
The investment firm froze its £2.1billion Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty and that it would not be able to sell buildings fast enough to return cash to savers who wanted their money back.
Since then, the pandemic has piled more uncertainty onto the commercial property sector as shops have been shuttered and companies are looking to cut back on office space.
M&G froze its £2.1bn Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty - but it now says it hopes it can be reopened soon ....

John Foley , Property Portfolio Fund , Mo Ney , ஜான் ஃபோலீ , ப்ராபர்டீ போர்ட்‌ஃபோலீயோ நிதி ,