Following a recent review of the M&G Property Portfolio we have suspended the recommended rating of the fund. The cash level of the fund as disclosed by M&G at the end of August was 6.5% which is just outside the fund's usual cash range of 7.5% to 12.5%. Given this is an open ended daily dealing property fund, we would prefer to see the fund within its typical cash range and we will continue to monitor its cash levels and fund flows for now.