Oil Fund’s gold reserve remained stable


July 27, Fineko/abc.az. In the 1st half of 2021 the gold reserve of the State Oil Fund (SOFAZ) did not change.

ABC.AZ informs with reference to the Oil Fund’s report about investment activity for the first 6 months of 2021 that the total volume of gold in SO’AZ's investment portfolio as of 30 June 2021 amounted to 101.8 tons.

At the end of last year the volume of gold also totaled 101.8 tons.

The State Oil Fund received 0.6 tons of gold in 2020. At the end of June 2021 the investments in gold accounted for 13.1% of the investment portfolio of the Oil Fund.

At the end of 2020 this figure made up 14.2%. As of 1 July of 2021 the share of bonds and other money market instruments in the SOFAZ investment portfolio made up 62.9% (3.9% less than on 1 July 2021). Instead, SOFAZ increased the share of its stocks in the investment portfolio from 13.7% up to 17.9%.