BAKU, Azerbaijan, July 19. Some 70 percent of the foreign currency portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was distributed in US dollars in the first quarter of 2022, SOFAZ told Trend.
According to the fund, 19.5 percent of the portfolio was distributed in euro, 4.8 percent in the British pound, and the rest 5.7 percent - in the Australian dollar, Turkish lira, Russian ruble, Chinese yuan, Japanese yen and other currencies.
In the portfolio of the fund's assets, 61.9 percent were bonds and money market instruments, 17.9 percent - were stocks, 6.3 percent - were real estate, and 13.9 percent - were investments in gold (101.8 tons).
In the distribution by credit rating, 67.5 percent of SOFAZ assets were invested in AAA rating instruments, the rest - in A (11.1 percent), AA (14.5 percent), and BBB (six percent) credit rating instruments and only 0.9 percent of the fund’s portfolio was invested in non-investment grade instruments.
Some 28 percent of the portfolio was invested in Europe, 21.1 percent - in the Asia-Pacific region, 28.9 percent - in North America, 0.8 percent - in Australia/New Zealand, 0.6 percent - in the Middle East region, and 6.5 percent – in the international financial organizations, added SOFAZ.