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Church of England sells investments fearing market slowdown

Discussion in 'Market News' started by Lily, May 16, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Gloomy global outlook prompts church to offload £250m of equities even as it outperforms the market

    The Church of England has said it fears a looming global economic slowdown with governments relatively powerless to shore up growth, as it revealed a decision to offload a portion of its substantial stock market holdings.

    The church commissioners, who manage the C of E’s £7bn investment fund, said they enjoyed market-beating returns of 8.2% last year but warned they would struggle to keep up that pace in future. Over the past 30 years the fund’s average annual return has been 9.7%.

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