More than half of SOFAZ's investment portfolio concentrated in USD
Azerbaijan, Baku, April 20/ Trend A.Akhundov /
The total sum of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $25.77 billion in the first quarter of 2011, which constitutes 99.93 percent of the total assets, SOFAZ executive director Shahmar Movsumov said at a press conference on the first quarter's activity results.
Some 55.26 percent of the investment portfolio is concentrated in USD ($14.24 billion), 39.67 percent - in euros (7.236 billion euros) and 5.07 percent - in British pounds (813.21 million pounds).
As of April 1, 2011, SOFAZ assets increased by 13.3 percent compared to early 2011 ($22.76 billion) and amounted to $25.79 billion.
The State Oil Fund of Azerbaijan was established in 1999.