Article 1DVR3 Church of England sells investments fearing market slowdown

Church of England sells investments fearing market slowdown

by
Katie Allen
from Economics | The Guardian on (#1DVR3)
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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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