New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
New Objective:
A UK fund investing in short-dated money market instruments and cash deposits with leading financial institutions. The aim of the fund is to provide capital protection with growth at short-term interest rates. The fund aims to minimise the risk of investment loss as a result of stock market fluctuations, whilst offering limited opportunity for growth.
M&G Investments have notified us that they have suspended trading on the property funds with immediate effect whilst they complete the process of closing those funds (subject to regulatory approval).
M&G have explained that property funds have been less popular over the last few years and their property funds have experienced sustained outflows, resulting in the funds being smaller. M&G believe that these outflows will continue, and possibly accelerate in the future. As the funds reduce in size, it is necessary to sell larger properties and buy smaller ones. This incurs high transaction costs which negatively impact the performance of the fund.
M&G consider closing the funds to be the best option and expect the closure process to take 18 months. There is no guarantee that this timeframe is achievable and ReAssure will provide updates as the activity progresses.
We will provide an update to ReAssure customers invested in impacted funds explaining what this means for them and what options are available to them.
M&G Investments have notified us that they have suspended trading on the property funds with immediate effect whilst they complete the process of closing those funds (subject to regulatory approval).
M&G have explained that property funds have been less popular over the last few years and their property funds have experienced sustained outflows, resulting in the funds being smaller. M&G believe that these outflows will continue, and possibly accelerate in the future. As the funds reduce in size, it is necessary to sell larger properties and buy smaller ones. This incurs high transaction costs which negatively impact the performance of the fund.
M&G consider closing the funds to be the best option and expect the closure process to take 18 months. There is no guarantee that this timeframe is achievable and ReAssure will provide updates as the activity progresses.
We will provide an update to ReAssure customers invested in impacted funds explaining what this means for them and what options are available to them.
