BAKU, Azerbaijan, April 19. Some 61.9 percent of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was distributed in bonds and currency market instruments, 17.9 percent in shares, 6.3 percent in real estate, 13.9 percent in gold (101.8 tons) as of March 31, 2022, Trend reports with reference to the fund.
SOFAZ was established in 1999 and at that time its assets amounted to $271 million.
According to SOFAZ regulation, its funds can be used for the construction and reconstruction of strategically important infrastructure facilities, and also for solving important national problems.
The main goals of SOFAZ are: the accumulation of funds and the placement of its assets abroad to minimize the negative impact on the economy, the accumulation of funds for future generations and the maintenance of current socio-economic processes in Azerbaijan.