SOFAZ increases share of long-term instruments in its investment portfolio

As of the end of the first quarter of 2022, the share of bonds and other money market instruments placed in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for more than five years amounted to 21.4%, which is 7.7 percentage points more than in the first quarter of last year, Report informs.

As of late March 2022, 29.9% of SOFAZ-invested bonds and other money market instruments were placed for up to one year, 16.1 percentage points less than a year ago.

In the reporting period, 31.4% of bonds and other money market instruments were invested by the Fund for 1-3 years (5.7 percentage points less), and 17.3% were for 3-5 years (5.3 percentage points less).