Friday, July 19, 2019

Church Pension Group Beats Benchmarks

From Chief Investment Officer-

The Church Pension Group (CPG) of the Episcopal Church reported that its investment portfolio increased 1.5% to $13.5 billion for the fiscal year ending March 31, from $13.3 billion the previous year. Despite the modest gain for the year, the Church reported that the fund has outperformed both its investment goals and benchmark performance over the past three, five, and 10 years.  

The Church reported that the portfolio returned 8.7%, 7.0%, and 10.2% over the past three, five, and 10 years, respectively. This is compared with its investment targets of 6.7%, 6.0%, and 6.3% over the same time periods, and the benchmark performance of 7.9%, 7.0%, and 9.5%, respectively.

The asset allocation of the investment portfolio is 28.6% in global equities, 26.4% in global bonds, 17.1% in private equity, 15.8% in specialized strategies, 9.2% in real estate, 2.7% in private specialty strategies, and 0.2% in cash.

More here-

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