More than one-third of SOFAZ assets placed in securities with AAA rating
Azerbaijan, Baku, Feb.10 /Trend E.Ismayilov/
SOFAZ has continued the policy of placing its investment portfolio in short-term instruments in 2011, SOFAZ told Trend on Friday.
The share of funds invested for five years account for 96.65 percent of the assets. The total volume of the investment portfolio is $29 billion, or 99.43 percent of its total assets.
"Some 43.97 percent of the investment fund's portfolio are placed in securities for up to a year, 37.04 percent from one to three years, 15.55 percent from three to five years, and 3.35 percent for more than five years, including 0.09 percent in stocks," the fund said.
Some 36.44 percent of the fund's assets are placed with the rating of AAA, 14.3 percent AA, 27.81 percent A, 21.44 percent BBB, and 0.01 percent in other securities. The fund's assets aer not placed in lower investment grade securities.