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SOFAZ sharply increases its investments in gold
Finance
- 17 April, 2025
- 18:10
As of April 1, 2025, 25.8% of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) was allocated to gold, Report informs, citing the fund.
In the same period last year, this figure was 13.2%.
Thus, the share of gold in the portfolio has increased by almost 2 times.
As of April 1, 2025, the value of SOFAZ's investment portfolio amounted to $62.45 billion. This is $5.4 billion or 9.5% more year-on-year.
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