• Text size      
  • Send this article to a friend
  • Print this article

Church of England over target

THE investment arm of the Church of England has said the total return on its investments in 2013 was 15.9 per cent.

That means the Church Commissioners fund has again beaten its targeted return of matching the Retail Price Index inflation plus five per cent.

The fund added it had grown from £2.4 billion at the start of 1994 to £6.1 billion by the end of 2013.

Andreas Whittam Smith, the First Church Estates Commissioner, said: "Everything that could go right did go right."

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

235594