SOFAZ rises share of AA-rated financial instruments in investment portfolio

As of April 1, 2024, 66.4% of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) on bonds and other money market instruments was rated AAA, which is 6.4 percentage points less than at the end of Q12023.

Report informs that SOFAZ increased the specific weight of AA-rated instruments from 16.2% to 16.9% and that of A-rated instruments from 7.2% to 10.1%.

During the reporting period, the share of BBB-rated instruments in the Fund's investment portfolio was increased from 3.3% to 6.4%, and non-investment-grade instruments were reduced from 0.5% to 0.2%.