M&G has maintained the redemption delay on its £4.6bn M&G Secured Property Income fund, a spokesperson confirmed to Investment Week.
A temporary deferral was applied to the institutional vehicle on 1 November after it received redemptions in excess of the fund's immediately available cash, as a result of some defined benefit pension schemes needing to either raise liquidity or rebalance their portfolios. The restrictions to withdrawal requests would allow for an orderly sales of assets to rebuild liquidity, the spokesperson added. BlackRock has also deferred Q3 redemptions from its £3.5bn BlackRock UK Property fund, a source with knowledge of the matter confirmed to Investment Week on Wednesday (4 January). Th...
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