Reviewing Investments Why? What? Houses ? Glebe Land 1 7 ,3 1 - - PDF document

Reviewing Investments

Why?

What?

Glebe Land I nvestments Houses ?

£ 1 7 ,3 1 8 ,0 0 0 £ 1 4 ,4 9 3 ,0 0 0

What?

CCLA I nvestm ent by Fund - Decem ber 2012 Property Fund 16% Investment Fund 84%

What?

CCLA Investments - Asset Allocation December 2012

Property/Infrastructure 27% Overseas Equities 33% UK Equities 33% Cash 2% Fixed Interest 5%

What?

S&W Asset Allocation December 2012

UK Equities 43% Overseas Equities 22% Property/Infrastructure 6% Fixed Interest 25% Alternative Assets 2% Cash 2%

Where do we want to be?

The Impact of Inflation (Source: Sarasin & Partners)

20 40 60 80 100 120 T

• d

a y Y e a r 1 Y e a r 2 Y e a r 3 Y e a r 4 Y e a r 5 Y e a r 6 Y e a r 7 Y e a r 8 Y e a r 9 Y e a r 1 Y e a r 1 1 Y e a r 1 2 Y e a r 1 3 Y e a r 1 4 Y e a r 1 5 Y e a r 1 6 Y e a r 1 7 Y e a r 1 8 Y e a r 1 9 Y e a r 2

At 5% inflation, spending power is reduced by 40% in Year 10

5% inflation 2% inflation

Spending power reduced by 22% in Year 10 Spending power reduced by 12% in Year 5

Where do we want to be?

% 10 Years 15 Years 20 Years 25 Years UK Equities 8.8 5.0 7.8 9.1 US Equities 7.0 4.6 7.8 8.9 UK Gilts 5.9 6.4 7.2 8.3 Inflation 3.3 2.9 2.9 3.6

Making improvements

Creation of investment group:

• Mr Rodney Barton
• Mr Jeremy Burchill
• Mr Michael Sturge
• Mr Robert Wivell
• Mrs Maureen Loffill (Ex Officio)
• Canon Peter Warry (Ex Officio)
• Mrs Catherine Evans (Officer)

Making improvements

• Target of total return of RPI + 5%
• Delivered over the medium term.
• Stronger performances from our investments.

What next?

S&W Proposed Asset Allocation

UK Equities 38% Overseas Equities 30% Property/Infrastructu re 7% Fixed Interest 18% Alternative Assets 6% Cash 1%

What next?

Glebe Land I nvestments Houses ?

£ 1 7 ,3 1 8 ,0 0 0 £ 1 4 ,4 9 3 ,0 0 0