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M&G suspends $3.2 billion UK property fund as Brexit takes toll

A Union Jack flag and a European Union flag are seen ahead of a bilateral meeting between
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(Reuters) - British fund firm M&G Investments has suspended dealing in its flagship open-ended UK property fund, blaming Brexit uncertainty for a surge in investor requests to cash out.Unusually high and sustained outflows from the 2.5 billion pound ($3.21 billion) M&G Property Portfolio have coincided with a period of continued Brexit-related political uncertainty, M&G Investments said on..
Date Published: Dec 04, 2019
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