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SOFAZ’s assets exceed $ 33.207 bln
Finance
- 18 April, 2017
- 11:52
Baku. 18 April. REPORT.AZ/ As of April 1,2017, assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 0,18% compared to the beginning of 2017 (33 147,0 mln. USD), and reached 33 207,2 mln. USD.
Report informs, Executive Director of SOFAZ Shahmar Movsumov said at today's press conference.
According to him, change in exchange rate differences in investment portfolio (mainly Euro, Russian ruble, Pound sterling), at the same time the rise in the value of assets (in particular, stocks and gold portfolio) had a significant positive impact.
In addition, it was noted that in the first quarter of 2017- the share of stock portfolio in the total investment portfolio increased by 3.66 percentage points and reached 12.9% compared with January 1.
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