Baku. 27 October. REPORT.AZ/ Assets of the State Oil Fund of Azerbaijan (SOFAZ) in the III quarter of 2015 decreased by 1 045.2 million USD, or 2.9%. Research Group of Report informs referring to the report of SOFAZ that, since the beginning of the year the Fund's reserves decreased by 2 367.6 million USD, or 6.4%, in comparison with the same period in 2014 - 2 567 200 000 USD, or 6, 9%.
In III quarter of this year, proportion of the fund's assets in dollars of the total portfolio of assets declined from 50.1% to 47.8%, or 17 889.1 16 544.6 million USD. As a result, the reduction amounted to 1 344.5 million USD, or 7.5%.
The proportion of money market instruments decreased to 1.7%. In the first half of the year this figure was 4.3%. For money market instruments include mutual funds, including mutual funds, alternative investment. So, if in the first half of money market instruments amounted to 1 538.7 million. Dollars, for the first 9 months this figure was reduced to 948.2 million USD - up to 590.5 million USD.
"During the quarter, the assets of SOFAZ added Japan. As we know, in September the Fund together with Mitsubishi UFJ Trust and Banking Corporation acquired the commercial property Kirarito Ginza in Tokyo for 52.3 billion Yen (435 million USD at the exchange rate at the time) . In addition, in order to further diversify its investment portfolio gained 11.65 billion. yen. It should be noted that the commercial property is bought at the expense of assets in dollars, rubles and other currencies", analysts of Report said.
During the period investments in euro increased by 160 mln., or 1.5% - to 11 026 600 000 Euros. Their share in total assets increased from 34% to 35.9%.
Along with this, seriously reduced the assets in Russian rubles Thus, in the first half of the assets amounted to 36 215.7 million rubles. For 9 months, they fell to 31 852.6 million Rubles. The reduction amounted to 4 363.1 million Rubles (70.4 million USD), or 12%.
The fund's assets in gold in the III quarter declined by 42.6 million USD, or 3.7%. The volume of gold reserves remained unchanged and amounted to 970,146 ounces (30.17 tonnes).