BAKU, Azerbaijan, November 17. The State Oil Fund's portfolio structure is optimal and forecasts all possible risks, Trend reports citing the Executive Director of the State Oil Fund, Israfil Mamedov.
He said that the central banks are put in a difficult position due to the uncertainty in world economics, increased inflation, and geopolitical tension.
"It causes rapid rises in central bank interest rates as well as a negative impact on all financial markets, including bond and stock prices. Considering the fact that the State Oil Fund is a long-term investor, we see those negative consequences as temporary volatility," he said.
"Securities listed on international exchanges comprise a total of 80 percent of the State Oil Fund's portfolio. As I have already mentioned, the portfolio's structure is optimal and considers all the risks. Our long-term predictions are positive," Mamedov added.