SPAIN - The €250m Spanish pension fund of Swiss-based food giant Nestlé says it may turn to infrastructure investments in its quest to broaden investments allocation.

An official at the fund - Nestlé Fondo de Pensiones - is “looking around” for instruments to diversify and is considering investing some of the sponsor’s contributions that are currently held in cash into infrastructure.

The scheme currently allocates nearly 50% to equities and a similar amount to fixed income leaving a niche for alternative investments, which now consists of private equity, the official said.

Management has not yet decided the amount earmarked for infrastructure investment.

The fund employs Barclays Global Investors, HarbourVest Partners, Morgan Stanley and State Street Global Advisors.

Any move would come as interest in infrastructure appears to be rising. FTSE Group and Australian bank Macquarie launched an infrastructure index in June.

Pension funds such as ABP and the British Airways Pension Fund have put cash into an infrastructure fund run by Macquarie.

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