Over 67% of Azerbaijan Oil Fund’s investments placed in Europe
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) gives preference to investments in Europe.
The SOFAZ reports as of 1 July 67.11% of its investments will be carried out in Europe. North America accounts for 13.99% of investments, developing countries for 7.6% and international financial institutions for 6.11%.
SOFAZ investment portfolio exceeded $30.348 bn or 99.97% of assets (over $30.357 bn) by the reported date. SOFAZ investment portfolio composed U.S. currency for $16.544 bn, European currency for 8.471 bn, British currency for 939 million pound sterling and Azerbaijani currency for $9.22 million.
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