M&G, the investment manager with £68 billion under management has released details of the timetable of its move to suspend 21 of its funds, in preparation for Brexit. It will move £34 billion worth of non-sterling assets and merge them in to Luxembourg SICAV strategies in four phases over the next six months. The first phase which will take place on 26 October covering the M&G Asian, Episode Macro, Global Emerging Markets, Global Macro Bond, Japan, Japan Smaller Companies and Short Dated Corporate Bond funds.

According to M&G, it is “working to protect the interests of its cl...