Oil Fund’s profitability for 9 months - Report

06.12.2021,10:43


December 6, Fineko/abc.az. The profitability of State Oil Fund of Azerbaijan’s investment portfolio for the first 9 months of 2021 made up 3.1%. This result also exceeded last year's figure by 0.19%.

ABC.AZ reports that this is stated in the conclusion of the Accounts Chamber of Azerbaijan on the draft budget of SOFAZ for 2022.

In conclusion, it was noted that for 9 months of 2021 an income of $1.333 bn (AZN 2.27 bn) was received from the management of SOFAZ’s finances.

According to Fund's investment policy for 2021, at least 50% of the investment portfolio consisted of debt obligations and money market instruments, up to 25% – stocks (shares), up to 10% – real estate, and up to 15% – gold sub-portfolios.