Investors have been unable to withdraw cash from midday Wednesday.
The same fund was suspended in the wake of the 2016 referendum result.
Investment firm M&G added in a statement Wednesday that changing trends in U.K. retail were also having a negative effect on property demand. M&G said the fund, which managed assets valued at $2.5 bilion as at the end of October, had witnessed £1.1billion of investment withdrawals, so far this year. M&G said any orders placed after midday U.K. time Wednesday, would not be accepted until the suspension is lifted. M&G said it would waive 30% of its annual charge to investors.
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