UK -The British Airways Pension Scheme (APS) and New Airways Pensions Scheme (NAPS) have invested 1% each in commodities.
The two pension schemes, which have assets under management of almost £14bn, made the decision in invest in commodities in an effort to achieve further diversification away from equities.
John Birch, managing director of the firm looks after the benefit administration for the two schemes, said the investment had been made through a commodity vehicle.
He said: “We had property for many years. This is another area of diversity and there are others that are being considered.
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