SOFAZ places 88.9% of its funds in three foreign currencies

Baku. 16 October. REPORT.AZ/ As of October 1, 2018, investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) stood  at $38,975,080,000, which is almost 100% of its assets.

Report informs citing SOFAZ that 50% of these funds are in USD, 33.4% in euro and 4.9% in pound sterling.

In other words, share of three currencies in the investment portfolio makes up 88.9%. As for other currencies, the share of Australian dollar in the portfolio is 0.6%, TRY – 0.7%, RUB – 0.8%, KRW – 0.5%, CNY – 1.2%, JPY – 1.5%, other currencies – 1.5% and gold – 4.3%.

SOFAZ also announced its distribution on other assets. So, the share of bonds and money market instruments in the investment portfolio was 76.4%, shares – 14%, real estate – 5.3%.

SOFAZ assets have increased by nearly 9% since early 2018.