M&G to transfer €7bn to Luxembourg ahead of Brexit

UK-based asset manager M&G is planning to transfer four of its funds to Luxembourg to remove uncertainty for non-UK investors ahead of the country exiting the EU.

The funds are worth a combined €7bn and are offered exclusively to non-UK investors, despite being domiciled in London.

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https://www.ipe.com/brexit/mg-to-transfer-7bn-to-luxembourg-ahead-of-brexit/10019598.article