SOFAZ Raises North American Investments To 27.4% Of Portfolio
According to SOFAZ, this was an increase of 2.6 percentage points compared with the same period last year.
Europe accounted for 26.3% of the fund's investment portfolio, down 2.8 percentage points year-on-year, while Asia's share stood at 9.5%, up 1 percentage point.
Investments in the Middle East accounted for 1.9% of the portfolio, an increase of 0.5 percentage points compared with the same period last year.
Australia and New Zealand accounted for 1.1%, up 0.1 percentage points, while Latin America's share remained unchanged at 0.1%.
Investments in Africa accounted for 0.03% of the portfolio, up 0.01 percentage points year-on-year.
Gold investments represented 32.3% of the portfolio, while investments in international financial institutions accounted for 1.4%.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment