BAKU, Azerbaijan, Jan. 19
By Sadraddin Aghjayev – Trend:
The investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was distributed as of 2021 as follows: 69 percent - in US dollars, 19.5 percent - in euros, 5.1 percent - in UK’s pound sterling while the rest of the amount (4.8 percent) - in Australian dollars, Turkish lira, Russian rubles, South Korean won, Chinese yuan, Japanese yen, and other currencies, SOFAZ told Trend.
According to SOFAZ, 61.8 percent accounted for bonds and money market instruments, 19 percent - stocks, 6.1 percent - real estate, 13.7 percent - investments in gold (101.8 tons) in SOFAZ’s asset portfolio.
Some 62.5 percent of SOFAZ’s assets in the distribution upon credit rating were invested in AAA rating instruments while the rest amount - in A (14.3 percent), AA (14.5 percent), BBB (7.8 percent) credit rating instruments. Only 0.9 percent of SOFAZ’s portfolio has been invested in non-investment grade instruments.
“Around 28.2 percent of the investment portfolio has been invested in Europe, 21.6 percent - in the Asia-Pacific region, 29.3 percent - in North America, one percent - in Australia / New Zealand, 0.7 percent - in the Middle East countries, six percent - in international financial organizations,” SOFAZ said.
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