Pound and PE boost CofE returns
The Church of England's £7.9bn fund posted returns of 17.1% for 2016, making it one of the best performing endowments globally.
The outperformance was largely driven by the Church Commissioners' global equities portfolio, which accounts for 19.3% of its allocations, and generated returns of 32.9% for 2016. The key factor behind the performance was the dramatic depreciation of sterling following the Brexit referendum result.
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