Oil Fund increases share of stocks in its investment portfolio

For the end of the first quarter of 2023, the specific weight of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) reached 61%, Report informs, citing SOFAZ.

According to the information, this is 0.9 percentage points less than the indicators for the first quarter of 2022.

Instead, SOFAZ increased the share of stocks in the investment portfolio from 17.9% to 21.1%.

The share of gold in the fund's investments decreased from 13.9% to 12.1%, and the share of real estate decreased from 6.3% to 5.7%.

Currently, SOFAZ has 101.8 tons of gold, which is the same as compared to a year ago.