SOFAZ’s gold reserves up by 13%

As of July 1, 2024, the weight of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was 55.3%, 6.8% less year-on-year, Report informs, citing SOFAZ.

Instead, SOFAZ increased the weight of shares in its investment portfolio from 22.9% to 25.9%.

The share of gold increased from 11.5% to 14.8%, while the share of real estate rose from 5.5% to 6%.

Currently, SOFAZ has 114.9 tons of gold in its reserves, which is 13.1 tons or 12.9% more than a year ago.