Profitability on Azerbaijan Oil Fund`s finances management is forecasted at 1.09%

12:18 - 7.01.2021

January 7, Fineko/abc.az. The weight of assets, denominated in US dollars, in State Oil Fund’s investment portfolio for 2021 is projected at the level of 65%, in euro at 20%, in British pounds sterling at 5%, and in other currencies at 10%.

ABC.AZ reports that this is stated in the conclusion of the Accounting Chamber of Azerbaijan on the SOFAZ draft budget for 2021.

SOFAZ’s profitability for 2021 in connection with the management of its finances is projected at the level of 1.09%, which is defined as the sum of the returns of all sub-portfolios of the Fund's investment portfolio.

 

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