State Oil Fund of Azerbaijan to buy shares for $600 million
Baku, Fineko/abc.az. State Oil Fund of Azerbaijan (SOFAZ) is planning to buy shares for $600 million.
At the press conference in Baku the Funds Executive Director Shahmar Movsumov reported that it is planned to buy shares in September.
" Taking into account high risk of price change at the world market, the bonds will be managed on passive management method. For this MSCI World index has been chosen on which over 1.600 leading companies of the world are placed ",- Sh. Movsumov said.
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