SOFAZ Increases Its Investments In Developed Countries
Date
7/18/2024 9:26:52 AM
(MENAFN- AzerNews)
Ulviyya Shahin
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ)
announced the division of its investment portfolio as of July 1 of
the current year based on the development levels of countries,
Azernews reports, citing the Fund.
This distribution was 65.3% for developed countries, 12.3% for
developing countries, and 7.6% for international financial
organizations.
It should be noted that the remaining portion of the investments
(14.8%) was allocated to gold.
As of April 1, these figures were 65% for developed countries,
13.8% for developing countries, 8% for international financial
organizations, and 13.2% for gold.
As of January 1 of this year, the value of investment property
of SOFAZ was 1 billion 536,719 million manats.
By the end of last year, the investment property of SOFAZ was
1.6% of its assets. This rate was 1.9% by the end of the previous
year.
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