15:26 - 29.12.2019

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December 29, Fineko/abc.az. Currently, the State Oil Fund of Azerbaijan (SOFAZ) is a shareholder of more than 1,600 largest companies in the world only through shares listed on the stock exchange.

ABC.AZ reports with reference to SOFAZ that one of SOFAZ’s main tasks is to place effectively the collected funds with taking into account possible risks and ensure their sustainable source of income for future generations.

The basis of SOFAZ's activity in this direction is the creation of a diversified global investment portfolio designed for a long-term period. Currently, assets included in the Fund's diversified investment portfolio are stored in such financial assets as bonds, stocks, real estate and gold denominated in US dollars, euros, British pounds and other currencies in more than 50 countries.

SOFAZ has also made direct investments in real estate purchases in London, Moscow, Paris, Tokyo, and Seoul.