SOFAZ increases share of European investments in investment portfolio

At the end of 2023, the share of European countries in the investments of the Azerbaijan State Oil Fund (SOFAz) was 30.5%, and the share of countries of the Asia-Pacific region was 14.8%, the Report informs with reference to the Fund.

These figures were 29.6% and 16%, respectively, at the end of 2022.

Among other regions, the share of North America decreased from 33.4% to 32.7%, Australia and New Zealand from 0.8% to 0.7%, and the Middle East region from 0.4% to 0.3%, while the South American region remained unchanged at 0.1%.

Also, the share of African region in the Fund's investments was 0.1%.

By the end of 2023, the share of developed countries in the investments of SOFAZ increased from 63.9% to 64.8%.

During this period, the share of developing countries decreased from 16.4% to 14.4%, and the share of international financial organizations rose from 7.6% to 8.8%.

The remaining 12% share belongs to gold, while this figure was 12.1% at the end of 2022.