See post below. Now the Church of England has announced it is selling investments even though it outperforms the market.
The Church Estates Commissioner writes:
“The nervousness of investors is explained by the feeling that governments have lost the power to reverse any slowdown in economic activity. In earlier times they would reduce interest rates, but now that rates hover around zero, that remedy is unavailable. And it’s hard to believe that negative interest rates can provide the necessary boost, or that governments would let the supply of money expand.
“In other words, the risk is that economic activity slows down across the world and remains stuck at a low level.”
East Devon Watch 