Following the decision by Legal and General to suspend dealing in the L&G UK Property Fund (and its associated L&G feeder fund) , we have suspended our recommended rating on the fund. The fund's valuers, Knight Frank, have advised Legal and General that there is material uncertainty over the valuation of the portfolio given uncertainty in the market in light of the Covid-19 pandemic. As a result and in agreement with the fund's depositary, the decision has been taken to suspend trading in the fund to protect the interests of investors. Although dealing in the fund has been suspended, it will continue to be actively managed and fund reporting will continue as normal. We will continue to monitor the fund while it remains in this suspension period.
Currently rated by 0 people