SOFAZ leaves African market

As of January 1, 2025, the share of European countries in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was 30.7%, Report informs, citing the fund.

This figure is 0.2 percentage points more year-on-year.

During the reporting period, the share of Asia-Pacific countries in the portfolio was 12.9%, which is 1.9 percentage points less year-on-year.

Among other regions, North America's share decreased from 32.7% to 28%, Africa's share dropped from 0.1% to 0%, international financial institutions' share fell from 8.8% to 6.4%, while Australia and New Zealand's share remained at 0.7%. Latin America's share also remained stable at 0.1%. Meanwhile, Middle East's share increased by 0.3 percentage points to 0.6%.

The share of gold increased from 12% to 20.6%.

In the portfolio, the share of developed countries decreased from 64.8% to 61%, while the share of developing countries fell from 14.4% to 12%.