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Funds News

BRIEF-Legal & General Investment Management says won't reopen UK property fund yet

Sept 10 (Reuters) - Legal & General Group PLC:

* LEGAL & GENERAL INVESTMENT MANAGEMENT SAYS WILL NOT REOPEN SUSPENDED L&G UK PROPERTY FUND UNTIL AUTHORISED FUND MANAGER CONSIDERS EXCEPTIONAL CIRCUMSTANCES NO LONGER APPLY

* LGIM SAYS MATERIAL UNCERTAINTY CLAUSE REMAINS ON A SINGLE ASSET IN THE FUND, ACCOUNTING FOR 1.7% OF THE FUND Further company coverage: (Reporting By Carolyn Cohn)

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