SOFAZ increases share of gold in its investment portfolio

As of April 1, 2024, the share of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was 55.3%, Report informs, citing the fund.

This shows 5.7 percentage points less than the indicators for the first quarter of 2023.

Instead, SOFAZ increased the shares in the investment portfolio from 21.1% to 25.7%.

The share of gold in the fund's investments increased from 12.1% to 13.2%, as well as the share of real estate increased from 5.7% to 5.8%.

Currently, SOFAZ has 104.6 tons of gold, which is 2.8 tons, or 2.75%, more than a year ago.