Property prices and updates

Below you will find the latest updates on the M&G Property Portfolio and M&G Feeder of Property Portfolio, followed by the most recent prices for these funds.

26 September 2016: Continuation of temporary suspension of M&G Property Portfolio

6 September 2016 – M&G Property Portfolio asset sales post Brexit

31 August 2016: M&G reduces the fair value adjustment to the M&G Property Portfolio

25 August 2016: Continuation of temporary suspension of M&G Property Portfolio

4 August 2016: M&G Property Portfolio asset sales post Brexit

2 August 2016: Continuation of temporary suspension of M&G Property Portfolio

8 July 2016: A message from William Nott, Chief Executive of M&G Securities

5 July 2016: Q&A on M&G Property Portfolio

5 July 2016: M&G suspends trading in M&G Property Portfolio amid Brexit uncertainty

1 July 2016: M&G applies a fair value adjustment to the M&G Property Portfolio

30 June 2016: Property valuation moves from monthly to weekly

Our funds are valued each business day. The daily prices for our property funds are available here from approximately 9pm each business day.

Please note that the pricing of the M&G Property Portfolio and M&G Feeder of Property Portfolio swung from creation pricing to cancellation pricing on Tuesday 7 June 2016.

M&G Property Portfolio

Each day we value the assets of the M&G Property Portfolio on both an ‘offer’ basis (how much they would cost to buy) and a ‘bid’ basis (how much the fund would receive if they were sold). The difference between the two, known as the ‘spread’, is currently 6.16% (as at 22.09.16) of the ‘offer’ basis valuation. This reflects the costs of buying and selling properties, in particular Stamp Duty Land Tax paid on purchases which can account for up to 5% of the property value. The dealing prices we publish are on either the offer basis or bid basis, depending on whether people are generally buying fund shares (the fund is in ‘net inflow’) or selling shares (the fund is in ‘net outflow’). Should fund flows move from net inflow to net outflow, the dealing prices may ‘swing’ from an offer basis to a bid basis and fall by the extent of the spread. On the other hand, should flows move from net outflow to net inflow, the dealing prices may rise by a slightly greater percentage, the spread being based in this case on the lower ‘bid’ basis valuation. For large deals (regarded as deals in excess of £50,000) the dealing price you receive may be different from the published price. If you are buying shares, you may receive a price that is higher than the quoted offer price. If you are selling shares, you may receive a price that is lower than the quoted bid price.

M&G Feeder of Property Portfolio

Investors should note that the dealing prices of the M&G Property Portfolio, in which the M&G Feeder of Property Portfolio is invested, may ‘swing’ to the extent of the ‘spread’ reflecting the costs of buying and selling properties, currently 6.16% (as at 22.09.16) of the ‘offer’ basis valuation. Please see the fund page of the M&G Property Portfolio for details.

For more information about the pricing of the M&G Property Portfolio please contact our Investment Sales Team on 0345 600 4125*.

*Lines are open Monday to Friday, 9.00am to 5.00pm. Calls cost 5p per minute, plus your phone company's access charge. For your protection calls may be recorded or monitored.

Property prices

 
Fund name InfoBid Price InfoOffer Price Info Change
(%)
Date InfoCurrency InfoYield InfoISIN
Property Portfolio - Sterling A Acc 122.19 128.62 -0.095
(-0.07)
27.09.2016 GBX 3.42 GB00B8G41W07
Property Portfolio - Sterling A Inc 109.86 115.64 -0.095
(-0.08)
27.09.2016 GBX 3.51 GB00B8G9TT83
Property Portfolio - Sterling D Acc 1254.61 1280.21 -0.918
(-0.07)
27.09.2016 GBX 4.32 GB00B89PNJ11
Property Portfolio - Sterling D Inc 1100.67 1123.13 -0.806
(-0.07)
27.09.2016 GBX 4.45 GB00B8FQVP09
Property Portfolio - Sterling I Acc 1249.05 1274.54 -0.918
(-0.07)
27.09.2016 GBX 4.14 GB00B8FYD926
Property Portfolio - Sterling I Inc 1100.29 1122.74 -0.816
(-0.07)
27.09.2016 GBX 4.29 GB00B89X8P64
Property Portfolio - Sterling R Acc 124.02 126.55 -0.092
(-0.07)
27.09.2016 GBX 3.93 GB00B89MXM58
Property Portfolio - Sterling R Inc 110.01 112.25 -0.082
(-0.07)
27.09.2016 GBX 4.12 GB00B6S0YV23
Property Portfolio - Sterling X Inc 109.86 109.86 -0.09
(-0.08)
27.09.2016 GBX N/A GB00B896N165
Feeder of Property Portfolio - Sterling A Acc 93.54 98.46 -0.07
(-0.07)
27.09.2016 GBX 2.72 GB00B8FSZ434
Go to the prices page for our other M&G funds

The historic yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions. For the M&G Property Portfolio, the proportion of the distribution comprising income from property and interest on cash is calculated gross of the basic rate of tax, as per AREF standard practice. Please note, only eligible investors are able to receive distributions gross of tax. For the Feeder of Property Portfolio, distributions are net of tax.

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The value of investments will fluctuate, which will cause fund prices to fall as well as rise and investors may not get back the original amount invested. 
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