More than 50% of Azerbaijan Oil Fund’s assets placed for up to 1 year
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) keeps on giving preference to short-term investments.
According to Fund’s statistics, by 1 October 51.8% of SOFAZ investment portfolio was placed for period of 1 year, 36% for 1-3 years, 1.9 % for 3-5 years, 1.7 % for more than 5 years. Another 8.6% of Funds portfolio accounted for stocks, gold, and real estate.
At that, 76.5% of SOFAZ investments accounted for developed countries, 15.7% for developing countries, and 7.8% for international financial institutions.
This year Fund’s current assets have increased by $1.679 bn from $34.129 bn up to $35.809 bn.
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