YIELD ON SOFAR ASSETS MANAGEMENT BY INTERNATIONAL MANAGERS TO MAKE 3%

The average yield from the State Oil Fund of the Azerbaijan Republic (SOFAR) assets management on the results of the first half-year of 2005 is some 3%. This is taking place on the background of the US reserve rate growth and some euro rates lowering, the SOFAR executive director Samir Sharifov told Trend.

And with all this, according to Sharifov, 35 % of the fund’s means for the moment are deposited in euro. 95% of assets fall at the three basic currencies: the US dollar, the British pound and the euro. The rest 5 % may be placed in the currencies of the “8 Bigs” countries or in the currency of any other country, a long-term sovereign rating of which is not lower of “A.

Sharifov also noted, that re-evaluation of assets in the manat equivalent is taking place quarterly, following their proportional distribution in various currencies.

It should be noted that the yield from the SOFAR assets management on the results

of 2004 at the three-month LIBOR rate of 1,56% was 2,57% (at that time the SOFAR assets were 4 758 166,2 million manats or $970,5 million). And with all these, the yield from assets management by the foreign manager Clarident (part of the Credit Swiss group) made вЂ" 2,33%, Deutschebank Asset Management вЂ" 1,68%.

The average returns from assets management for the period of 2001 - 2004 were 3,25% (2001 вЂ" 3,87%, 2002 вЂ" 2,15%, - 2003 вЂ" 4,42%, 2004 вЂ" 2,57%). Taking into account the inflation rate of 1,93%, for 2001-2004, the real returns were 1,32%. In 2004, the real returns were 0,34% with the inflation rate of 2,23%.

The maximal yield for the period of cooperation with Clarident was 3,77%, minimal вЂ" 0,84%, Deutschebank Asset Management вЂ" respectively 6,2% and 2,03%.

Subscribe to Trend in Google News! Subscribe
Azerbaijan records growth in prices for hotel services - Hotels & Restaurants Association
Azerbaijan records growth in prices for hotel services - Hotels & Restaurants Association
Iran updates COVID-19 protocols for international travelers
Iran updates COVID-19 protocols for international travelers
Turkey sees increase in number of Azerbaijani citizens visiting country
Turkey sees increase in number of Azerbaijani citizens visiting country
Loading Bars
Latest
Iran top nuclear negotiator, Mora meet ahead of Vienna talks
Uzbekistan, Kyrgyzstan discuss creation of trade-logistics complexes in border areas
Twitter CEO Jack Dorsey to step down
Azerbaijani, Saudi Arabian foreign ministries hold consultations
Famous artist receives Azerbaijani citizenship
Azerbaijan holds expanded meeting of Operational Headquarters for Combating COVID-19 (PHOTO)
Azerbaijan approves COVID-19 certificates
Azerbaijan discloses state budget revenues through State Customs Committee
Volume of loans issued in Azerbaijan’s real estate sector increases
Price indexes of industrial, construction sectors at Uzbek stock exchange fall
Kazakhstan to build hybrid solar power station
Azerbaijan's foreign trade turnover increases in 10M2021
Some CSTO members’ congratulations to Azerbaijan show Armenia's insignificance in CSTO - analyst
Interest rates on consumer loans in Georgia increase
Uzbekistan starts construction of new branch of Gazli-Kagan gas pipeline
Kazakhstan eyes increasing container shipments
SOCAR projects increase in local manufacturing of fuel products from 2023
IRENEX shares data on sales of Bandar Imam Petrochemical Company
Turkmen Ministry of Textile extends tender for modernization of cotton-spinning factory
Snam to increase spending on energy transition activities
Iran eyes decrease in passenger transportation via Bandar Abbas International Airport
Turkmenistan becomes Uzbekistan’s second largest gasoline supplier
Azerbaijan adopts new state standard on farming activities
Azerbaijan Deposit Insurance Fund reveals number of loans of liquidated banks
Uzbek Statistics Committee shares data on import of cement
Azerbaijan rapidly continues construction of Barda-Aghdam highway (PHOTO)
Iran discloses details of its daily gasoline production
Snam reveals investment plans by 2024
Snam expects to achieve sustainable growth of main indicators in 2021-2025
Snam raises methane emissions reduction target
Azerbaijan’s economy minister talks projects submitted for country's industrial parks
New deputy ministers of Youth and Sports of Azerbaijan appointed
Georgia’s Partnership Fund to be renovated – minister
Iran resuming exports to Tajikistan through Turkmenistan's routes
SOCAR returns part of loans through its activities in Turkey
Issue of building railway, highway along Araz River resolved – Turkish President
Ankara is ready to take steps to normalize ties with Israel – Turkish President
Azerbaijan confirms 857 more COVID-19 cases, 1,091 recoveries
Iran’s Bahar Azadi gold coin price skyrockets
Azerbaijan shares data on number of vaccinated citizens
Number of Turkish citizens seeking jobs in Uzbekistan greatly increases
EV maker Phoenix Motors files for U.S. IPO
Turkmenistan pays special attention to boosting transport, transit communications - president
Kazakhstan's KMG Engineering to buy batteries via tender
Gulf bourses regain some ground after Omicron battering
Iran shares data on generation of Shahid Rajaee TPP
ADB to finance export projects of Turkmen SMEs
Data on new Omicron coronavirus strain analyzed by crisis center - Kremlin
Georgia sees increase in persimmon exports
Kazakhstan’s oil-producing company opens tender for equipment repair services
Portugal finds 13 cases of Omicron variant at Lisbon soccer club
Turkmenistan ready to provide its port facilities in Caspian Sea for ECO countries
Cargo transportation via Iran’s Ahvaz International Airport climbs
Israel's Partner Communications swings to Q3 profit
Foreign assets of Azerbaijan’s commercial banks increase in 10M2021
Civilian injured in mine explosion in Azerbaijan's Jabrayil district
Georgia expects slower monetary policy normalization pace – TBC Capital
SOCAR to optimize fuel production at Baku refinery based on international standards
Iran reveals COVID-19 data for November 29
Turkey reveals volume of cargo transshipped via its local ports in 10M2021
SOCAR expects progress on Heydar Aliyev Baku Oil Refinery reconstruction project by late 2021
Mortar and artillery units of Azerbaijani army hold live-fire tactical exercises (VIDEO)
Kazakhstan-Turkmenistan bilateral trade up for 9M2021
Weekly review of Azerbaijani oil market
Iran membership in ECO expands regional economic ties
Azerbaijani Economy Minister talks land allocated for Aghdam Industrial Park
Uzbek Central Bank notes growth in volume of non-performing loans
Russia detects 33,860 daily COVID-19 cases
Georgia’s tangerine exports double
Iran looks to use new methods to export crude oil, gas condensate
SOCAR Turkey announces time of making final decision on Merkury project
Price of apartments in Iran’s Tehran rising
Kazakhstan reports increase in cargo transport by air
National Bank of Georgia shares data on loans interest growth
Azerbaijan records growth in prices for hotel services - Hotels & Restaurants Association
Georgia’s GDP shows unprecedented growth – PM
Azerbaijan’s volume of loans issued to industry, manufacturing sector decreases
OPEC+ countries expected to adjust future plans at upcoming meeting - analyst
Azerbaijan’s SMBDA and "ASAN Radio" launch radio programs for entrepreneurs
Russia can fully increase oil production under OPEC+ deal - Deputy Prime Minister
Iran sees increase in exports via customs of Sistan & Baluchestan Province
Turkey discloses number of ships received at local ports in October 2021
Turkey discloses number of cars transshipped via local ports in 10M2021
Kazakhstan records decline in prices of several main food products
President Ilham Aliyev signs order to recall Consul General of Azerbaijan in Russia’s Yekaterinburg
Number of Turkish citizens seeking job in Turkmenistan grows for 10M2021
How will gas swap from Turkmenistan to Azerbaijan via Iran benefit participants?
Trilateral contract to help strengthen Iran's relations with neighbors – MP
COVID-19 vaccination certificates in Azerbaijan have no expiration date, TABIB says
Uzbekistan takes over chairmanship of organization of ECO summit
Russia plays very important role in normalization of relations between Armenia and Azerbaijan - President Aliyev
Azerbaijan looks to export diesel fuel to Turkish, Georgian markets (Exclusive)
President Ilham Aliyev gives interview to Rossiya-1 TV channel (VIDEO)
UNDP representative talks measures to protect rights of women in Azerbaijan
Galt & Taggart shares overview of Georgia’s banking sector
Bank of Israel accelerating preparations for digital currency
Bulgaria asks Azerbaijan to extend timeframe for gas supplies via alternative route
Swapping of gas from Turkmenistan to Azerbaijan to start in winter – Iranian Oil Minister
Bulgaria receives 1/3 of agreed gas volumes from Azerbaijan
Russia has oil reserves for 30 years, gas for 50 years — Novak
All news