M&G mulls opening date for suspended property fund

Cash level at 21.3%

M&G has further extended the suspension of its M&G Property Portfolio, but for the first time has suggested it is considering a fixed date to reopen the fund, according to its latest update.

In an update for the fund suspension, which enters its 15th month, the firm said it is "actively giving further consideration to an appropriate date for resumption of dealing", the first time it has given any indication of its potential reopening. Janus Henderson set to reopen property fund on 24 February A total of four assets representing £47.7m were sold across January, £8.3m of which were completed following last month's announcement, which brings the cash level of the fund to 21.3%. This brings the total value of asset sales to £443.6m since it first suspended in December 2019...