M&G schließt Immobilien-Aktienfonds

M&G Investments today announces the winding-up of the €112 million M&G Global Real Estate Securities Fund on 22 May 2015.

Following a review initiated on the departure of fund manager Gillian Tiltman in August 2014, M&G has concluded that the fund is not commercially viable in the long-term and therefore closure is in the interests of existing fund shareholders.

Gary Cotton, Chief Executive of Equities, says: “The M&G Global Real Estate Securities Fund has failed to attract the level of interest we expected from external investors. Gillian’s departure triggered outflows so it has become increasingly difficult to manage the fund in a cost-effective way.”Until closure – which has been approved by the Financial Conduct Authority – the fund will continue to be managed by Richard O’Connor, who replaced Gillian when she left.

Shareholders may either redeem their shares for cash or switch their holding, free of charges, to an alternative M&G fund.

The M&G Global Real Estate Securities Fund was launched in April 2008 with the aim of maximising long-term total return by investing globally in real estate investment trusts (REITs) and listed shares of companies whose activity is focused on or related to the real estate sector.

Die Mitteilung im pdf-Dokument

Bitte beachten Sie, dass es sich hierbei um Archivinformationen handelt. Sie sind nicht als aktuelle Ansichten oder Einschätzungen, sondern nur als historische Angaben zu verstehen.