REMINDER: Planned fund suspensions

15/11/2018

As part of our plans to ensure we protect the interests of our clients and minimise disruption after the UK leaves the EU in March 2019, we are splitting 21 of our funds. Assets held in these funds by non-UK investors will be merged into equivalent Luxembourg-domiciled funds. Over the next four months, as each merger takes place, it will be operationally necessary to suspend the fund temporarily while the assets are moved.

The suspension of each fund will take place over four days, including a weekend. We have written to all our investors in the UK to let them know about these planned suspensions.

The third phase of fund mergers and suspensions is due to take place between the 7 and 10 December. Full details of which funds are being suspended and dealing cut off times is set out below.

  • For myM&G customers, the cut-off time for dealing in each of the funds listed below prior to suspension is 11 am UK time.  Any dealing instructions placed after 11 am on the last dealing date before the merger will not be actioned straightaway. All instructions will be queued and actioned at the fund’s 12 noon valuation point on the Tuesday after the merger weekend. If you have any queries, please log in to myM&G and contact us via secure message or our chat facility or call us on 0808 175 4035. 
  • For all other clients, the cut-off time for dealing in each of the funds listed below prior to suspension is 12 noon UK time. Any requests to buy or sell in these funds, received after this time, will not be processed on the day. The requests will be queued and processed at the fund’s 12 noon valuation point, on the Tuesday following the merger weekend. 

This is a reminder only and requires no action. If you do have any questions, please contact our Customer Relations Team on 0800 390 390.

Thank you for your understanding.

Fund Name Last Day To Deal Before Merger myM&G Dealing Cut-off Time*  Dealing Cut-off Time* First Valuation Point After Merger
M&G Emerging Markets Bond Fund
6 December
11 am
12 noon
11 December at 12 noon
M&G European Strategic Value Fund
6 December
11 am
12 noon 
11 December at 12 noon
M&G Global Corporate Bond Fund
6 December
11 am
12 noon
11 December at 12 noon
M&G Global Dividend Fund
6 December
11 am
12 noon
11 December at 12 noon
M&G Global Floating Rate High Yield Fund
6 December
11 am
12 noon
11 December at 12 noon
M&G Pan European Dividend Fund
6 December
11 am
12 noon
11 December at 12 noon

*All UK times