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The Church Of England Has Sold £250M Of Equities Amid Market Slowdown Fears

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http://www.ibtimes.co.uk/church-england-has-sold-250m-equities-amid-market-slowdown-fears-1560296

The Church of England (C of E) revealed that it sold £250m (€316.91m, $358.79m) worth of equities, which is about 6% of its total equity portfolio in March 2016. The Christian church in UK, which is also the mother church of the worldwide Anglican Communion, said, the decision was taken amid fears of a slowdown in the global economy while governments fail to increase growth.

The Church had an investment fund worth £7bn, of which £4bn were in equity holdings and the remaining across non stock-market holdings such as land, forests and property.

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are they not the biggest land or property owner in the uk as well?

Second after the Crown, innit?

Though they, like other big landowners, will be structured so that land is held through different investment vehicles.

What will they do with the money instead?

There's nowt like bricks&mortar ....

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Well CoE is run by a former oil trader so I guess he cant help having a dabble

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Perhaps the more interesting question is whether they've disposed of any of the investments in companies they run around condemning on moral/ethical grounds. Or whether it's purely an act of Mammon.

Note that they're not revealing anything more recent than two months ago. So nothing that might inform a trader today.

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