Baku, Azerbaijan, July 17
By Maksim Tsurkov – Trend:
About 12.8 percent of investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was invested in shares in 1H17, while the figure was 12.9 percent in 1Q17, SOFAZ said in its report.
According to the report, as of July 1, 2017, the total volume of SOFAZ’s investment portfolio amounted to $34.79 billion or 100 percent of the total volume of assets.
Meanwhile, 88.2 percent of SOFAZ’s investment portfolio was placed in monetary market tools for a period of up to five years, 39.1 percent of which was placed for a one-year-period, 29.2 percent for one to three years, 20 percent for three to five years and 11.8 percent for more than five years. Some 21 percent was kept in real estate, assets and gold, said the report.
Currently, 3.5 percent of SOFAZ investment portfolio is placed in gold, 4.7 percent – in real estate, 79 percent – in bonds and other tools of monetary market.
SOFAZ’s assets were placed as follows: 41 percent in European countries, 25.1 percent in North America, 2.9 percent in Australia, 26.2 percent in Asia-Pacific Ocean region, 0.1 percent in the Middle East, 0.1 percent in South America, 4.6 percent in international financial organizations.
As of July 1, 2017, SOFAZ’s assets increased by 4.96 percent as compared to early 2017 and amounted to $33.147 billion.
SOFAZ was established in 1999 with assets of $271 million.
(1.7022 manats = $1 on July 17)
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