SOFAZ increases proportion of gold in investment portfolio 

In the first quarter of 2021, the share of SOFAZ investments on bonds and other money market instruments dropped 4.7 percentage points to 64%, Report informs, citing the Fund.

The proportion of the shares in the investment portfolio rose from 12.4% to 17%, gold increased from 12.8% to 12.9%, real estate remained unchanged at 6.1%.

In the reporting period, 57.1% of bonds and other money market instruments, in which SOFAZ invested, received AAA rating, which is 0.7 percentage points more than a year ago.

The Fund changed the share of AA-rated instruments from 12% to 11.9%, the A-rated instruments - from 19.2% to 20.9%, and the BBB-rated instruments - from 9.4% to 8.8%.

The proportion of the non-investment grade instruments dropped from 1.4% to 1.3%.