HC Deb 27 July 1998 vol 317 c34W
Mr. Baker

To ask the hon. Member for Middlesbrough, representing the Church Commissioners, what changes have recently been made to the Commissioners' investment portfolio. [50809]

Mr. Stuart Bell

During 1997 the Church Commissioners conducted a comprehensive review of their investment and asset allocation strategy, which aims to provide stable long-term support for the Church's ministry. As a result they are rebalancing their assets in favour of securities, primarily UK equities whilst reducing their property exposure. Changes to individual holdings frequently occur in the day to day management of a large and diverse investment portfolio.