Azerbaijan’s Oil Fund lowers share of medium-term investments
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) reduced medium-term investments in the second quarter of 2011 compared to the first quarter’s indicator.
The SOFAZ reports that as of 1 July the Fund’s investment portfolio exceeded $30.348 bn or 99.97% of assets (over $30.357 bn). The basis of the investment portfolio included finances in U.S. currency for $16.5 bn in European currency for 8.47 bn in euro, and British currency for 939 million pound sterling, Azerbaijani currency for $9.22 million.
As of 1 April 2011 its investment portfolio exceeded $25.779 bn or 99.93% of total assets (over $25.796 bn). SOFAZ investment portfolio consisted mainly of finances in U.S. currency - $14.244 bn. Fund’s money in European currency totaled 7.236 bn euro, British currency - 813 million pound sterling and in Azerbaijani currency $17.536 million.
By 1 July 2011 the basis of the investment portfolio composed medium-term investments - 57.97% of the portfolio formed from two parts: investments for 3-5 years - 25.73% of the portfolio and for 1-3 years - 32.24%. Short-term (0-1 years) investments accounted for 38.68% of the portfolio and long-term (over 5 years) ones 3.26%.
By 1 April 2011 the basis of the investment portfolio consisted of medium-term investments - 61.42% of the portfolio formed from two parts: investments for 3-5 years - 30.79% of the portfolio and for 1-3 years - 30.63%. Short-term (0-1 years) investments accounted for 34.75% of the portfolio and long-term (over 5 years) ones 3.75%.
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