ASI update on M&G Property Portfolio Fund suspension
Following news of the suspension of the M&G Property Portfolio Fund, we wanted to confirm the state of play with regards to the Aberdeen UK Property Fund and the SLI UK Real Estate Fund.
As at the end of November, the unencumbered* cash balances in the Aberdeen UK Property Fund and the SLI UK Real Estate Fund were 14.6% and 17.5% respectively. The intention is to maintain this risk-off stance until we have greater clarity on the outlook for the UK economy in the context of Brexit and the upcoming general election.
We will continue to monitor the situation closely and in particular any impact M&G’s decision has on investor sentiment towards the sector. Our prime focus as always is to act in the best interests of investors.
*The unencumbered cash figure includes cash or cash equivalents plus any short term assets and liabilities within the fund less any future committed capital expenditures.
For any queries, please contact your relationship manager.