SOFAZ increases stake of shares in investment portfolio

As of July 1, 2021, the share of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 62.9%, which is 3.9 percentage points less than on July 1, 2021, Report informs with reference to the Fund.

SOFAZ increased stake of shares in the investment portfolio from 13.7% to 17.9%.

The share of gold in the fund’s investments dropped from 13.6% to 13.1%, but the share of real estate increased from 5.9% to 6.1%.

At present, SOFAZ has 101.8 metric tons of gold, which is 1 ton more than a year earlier.