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SOFAZ increases share of gold in its investment portfolio
Finance
- 19 April, 2022
- 06:16
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During the first quarter of 2022, the share of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 61.9%, which is 2.1 percentage points less than in the first quarter of 2021, Report informs.
Instead, SOFAZ increased the share of stakes in the investment portfolio from 17% to 17.9%.
The share of gold in the fund's investments rose from 12.9% to 13.9%, while the share of real estate rose from 6.1% to 6.3%.
At present, SOFAZ has 101.8 tons of gold, which is the same amount as a year ago.
As of April 1, SOFAZ's assets amounted to almost $45.264 billion, 5.85% more than on April 1 last year.
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