M&G Investments has suspended the trading of shares in a £4.4 billion UK property fund – the largest of its kind – becoming the third big-name asset manager to take the step in little over 24 hours.

In a statement on July 5, M&G said it had taken the decision after redemption requests in the M&G Property Portfolio rose on the back of "high levels of uncertainty" linked to the UK's vote to leave the EU.