Prudential lifts suspension on its single-asset property funds
04 November 2016
With effect from noon on 4 November 2016, Prudential will lift the temporary suspension on trading in its single-asset unit-linked property funds which invest in the M&G Property Portfolio and its feeder fund, the M&G feeder of Property Portfolio.
Prudential temporarily suspended trading in its single-asset unit-linked property funds in July 2016 after high levels of uncertainty in the UK commercial property market following the European Union referendum prompted M&G to temporarily suspend trading in its open ended commercial property funds.
Prudential’s move to lift the suspension follows M&G’s decision to resume trading in shares of the M&G Property Portfolio and its feeder fund at noon on 4 November.
The Prudential single-asset unit-linked property funds on which the suspension has been lifted are: Prudential Property Fund; Prudential Property (Inc) Fund; Prudential Property (ex Scot Am) Fund; Prudential FRIA Property Fund; Prudential Ex-DSF Property Fund, Prudential Property (ex M&G) Fund, PIA M&G Property Fund.
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