Most Azerbaijani State Oil Fund assets placed in Europe
Azerbaijan, Baku, April 20 /Trend E.Ismayilov/
SOFAZ has continued the policy of placing its investment portfolio in short-term instruments in the first quarter of 2012, SOFAZ told Trend on Friday.
The share of funds invested for a period of five years account for 98.39 percent of assets. The total amount of the investment portfolio of SOFAZ amounted to about $32.3 billion, or 99.79 percent of total assets in the first quarter.
"Some 51.63 percent of fund's investment portfolio are placed in securities for up to one year, 36.15 percent - from one to three years, 10.03 percent - from three to five years, 1.61 percent - for the period of more than five years, including 0.58 percent - in stocks and gold," the fund said.
Currently, 22.64 percent of fund assets are invested in the bond agencies and international organizations, 15.57 percent - sovereign debt instruments, 12.35 percent - financial bonds, 20.89 percent -corporate bonds, short-term 16.79 percent - commercial paper, 4.55
percent - guaranteed bonds, 0.09 percent - municipal bonds, deposits, 6.54 percent - money market instruments, 0.46 percent - gold and 0.12 percent - shares.
The geography of assets placement of fund is as follows: 62.36 percent - in European countries, 14.16 percent - in North America, 11.99 percent - in developing countries, 5.4 percent - in Asia, 0.7 percent - in the Middle East 5.39 percent - in the international financial institutions.
As of April 1, 2012, SOFAZ assets amounted to $32 billion 359.4 million.