SOFAZ places 93% of funds in three foreign currency

As of July 1, 2019, the investment portfolio of the State Oil Fund of Azerbaijan’s (SOFAZ) amounted to $42,463.45 million, Report informs referring to the Fund.

Of this, 54.6% was in USD, 34.1% in EUR and 4.6% in GBP.

Share of these three currencies in the investment portfolio was 93.3%. As for other currencies, AUD made up 0.6%, TRY – 0.7%, RUB – 0.7%, KRW – 0.4%, CNY – 1.2%, JPY – 1.6%, other currencies – 1.5%, gold – 10.3%.

Moreover, bonds and monetary market instruments made up 71.1% of the SOFAZ investment portfolio, shares – 13.3% and real property – 5.3%.