Oil Fund increased purchase of gold


July 16, Fineko/abc.az. The State Oil Fund purchased 0.2 tons of gold in the 2nd quarter of 2020, says SOFAZ report on investment activity for Jan-Jun 2020.

As of 30 June 2020 the total amount of gold in SOFAZ's investment portfolio reached 101.8 tons. Following the 1st quarter of 2017 the total volume of gold in Fund’s investment portfolio was 101.6 tons. Thus, over the past 3 months, the Oil Fund bought 0.2 tons of gold.

Currently investments in gold make up 13.6% of SOFAZ investment portfolio and $5.797 bn of the dollar portfolio.