Brexit

M&G proceeds with fund transfer to Luxembourg

Plan to transfer funds drawn up because of UK's withdrawal from the European Union in 2019

10.01.2018

London-based M&G Investments is formally beginning the process to transfer the assets of four UK-domiciled open-ended funds to equivalent funds on its Luxembourg platform.

With a cumulative market value of £9.3 billion (€10.5 billion), the funds to be moved are the M&G Dynamic Allocation Fund, the M&G Income Allocation Fund, the M&G Prudent Allocation Fund and the M&G European Inflation Linked Corporate Bond Fund.