Further commitment from The Church of England Pensions Board to diversify a significant chunk of their asset allocation away from Equities towards Infrastructure. This is bench marked against stable long term returns of Infrastructure Investments which offers greater diversity to their portfolio which returned 11.3% in 2017. We are seeing similar sentiment from the other leading global pension plans who are showing favour towards this growing asset class.
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Church pension fund to increase infrastructure spend in allocation shift
The £2.6bn Church of England Pensions Board (CEPB) plans to halve its public equity exposure as part of a radical asset allocation overhaul.
In its annual report the board – which runs assets on behalf of four pension schemes – set out its aim to reduce public equities from its current level of around 70%, to 35% of its £2bn return-seeking portfolio.
The CEPB also said it would target an infrastructure allocation of 20% of the return-seeking pool.
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