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Oil Fund`s assets have grown more than by 10%

25.10.2019,16:54


October 25, Fineko/abc.az. Extra-budgetary expenditures of the State Oil Fund of Azerbaijan (SOFAZ) amounted to AZN 219.8 million due to the difference in exchange rates.

According to SOFAZ’s data sent to ABC.AZ, as of 30 September 2019 Fund's assets increased by 10.4% versus early 2019 ($38.515 bn) up to $42.524 bn. The growth of assets occurred due to SOFAZ budget revenues, including revenues from the management of funds. The highest return for the reported period was observed in the sub-portfolio of shares, which had positive impact on the profitability of each component of the investment portfolio. Thus, despite the negative profitability (-6.6%) last year on the sub-portfolio of shares, the relevant figure made up 15.2% for 9 months of 2019.