SOFAZ increases share of real state in its investment portfolio

From January through September of this year, the share of real estate in the investment portfolio of the State Oil Fund of Azerbaijan (SOF) changed during the year and rose from 6% to 6.4%, Report informs.

The share of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 62.9%, which is 0.2 percentage points less than in the nine months of 2021.

Instead, SOFAZ increased the share of stakes in the investment portfolio from 18.1% to 18.7%.

The share of gold in the fund's investments decreased from 12.8% to 12%.

Currently, SOFAZ has 101.8 tons of gold, unchanged from a year ago.

As of April 1, SOFAZ's assets amounted to almost $45.264 billion, 5.85% more than on April 1 last year.