UK's biggest commercial property fund suspended

Investors in the UK's biggest commercial property fund - worth £2.5bn - have been temporarily prevented from taking out their money.

The decision to suspend the fund was taken by its official monitor - its authorised corporate director - and the City watchdog has been informed. It allows assets to be sold over time, rather than as a fire sale, in order to meet investors' withdrawal demands.Other large so-called open-ended property funds have seen investors pulling their money out, and the FCA has recently introduced daily monitoring of property funds.

"While the M&G fund is suspended, most other providers have far greater liquidity, and less exposure to retail properties, and so are better placed to meet redemptions, as long as there isn't a mad rush to the exit door.

2.5 Billion is nothing. If it sinks we'll just print some more Brexit vouchers. It's all make believe on a screen anyway. We've probably been insolvent in real terms for years!

Warning: The value of investments may go up or down!

Nationalisation is about to get cheaper.

Wow. The blessings of Brexit again!

Loads of businesses are taking emergency action in case NeverCorbyn wins... he will ruin our country over night

in other words the tories are to blame for dither and delay.

I dont think it is brexit, that has been around too long. I believe it is investors worried about what a labour government will do

A concerted attempt by Putin to nullify the US and the UK has born fruit. It started in 2016 with Pro-Brexit and Trump disinformation. We're steps from civil war, split from our allies, we have woefully ineffective leaders and our economies have stalled. Cui Bono? It's Putin.

Brexit. WeWork. Dubious dealings with dark money from Russia and Middle East. The chaos never ends 🤨.

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