Church of England Rewards Faithful With Decade's Best Returns
April 26 (Bloomberg) -- The Church of England's investment fund was the best performer among comparable plans over the last decade, posting 2005 returns that were its best in six years.
The 4.9 billion-pound ($8.75 billion) fund, which invests in stocks, bonds and property, returned 19.1 percent last year. This helped the 302-year-old fund earn an average annual return of 11 percent for the decade ended Dec. 31, 2005, compared with an average return of 8 percent for similar plans, the Church of England said today in its annual report, citing State Street Corp.'s WM Co. performance measurement unit.
``This shows remarkable consistency in the turbulent investment and pension conditions of recent years,'' Andrew Brown, secretary of the Church Commissioners, said in the statement. ``The sound long-term performance reflects both our well-balanced portfolio and the strength of the commissioners'...