SOFAZ to keep currency composition of its investment portfolio stable next year

In 2024, the share of the US dollar in the investment portfolio of the State Oil Fund (SOFAZ) is predicted to be 65%, the euro - 20%, the British pound - 5%, and other foreign currencies - 10%.

Report informs, citing the Accounting Chamber's opinion on the Fund's 2024 budget, that it is the same as the 2023 forecast.

Besides, the Chamber states that the share of debt obligations and money market instruments in SOFAZ's investment portfolio next year will be at least 50%, percentage of the shares will be a maximum of 25%, real estate at a maximum of 10%, and gold at a maximum of 15%.