Baku 19° C
SOFAZ increases share of gold in its investment portfolio
Finance
- 19 April, 2022
- 06:16
Add Report.az to preferred Google sources
Stay up to date with the top news!
During the first quarter of 2022, the share of bonds and other money market instruments in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 61.9%, which is 2.1 percentage points less than in the first quarter of 2021, Report informs.
Instead, SOFAZ increased the share of stakes in the investment portfolio from 17% to 17.9%.
The share of gold in the fund's investments rose from 12.9% to 13.9%, while the share of real estate rose from 6.1% to 6.3%.
At present, SOFAZ has 101.8 tons of gold, which is the same amount as a year ago.
As of April 1, SOFAZ's assets amounted to almost $45.264 billion, 5.85% more than on April 1 last year.
Author
Latest News
11:30
Kazakhstan, Germany discuss establishing joint water hub
Infrastructure
11:27
Azeri Light crude sells for $116.5 per barrel
Energy
11:13
Maiko Ichihara: AI control over people's thinking could threaten human dignity
ICT
11:04
Milli Majlis session begins; statement to be adopted on Victory Day
Milli Majlis
10:51
Georgia deports 101 foreign nationals
Region
10:47
Cyber chief: UK facing AI-powered attacks on critical infrastructure within 2 years
Other countries
10:31
Photo
Farid Gayibov meets Azerbaijani athletes honored at int'l competitions
Individual sports
10:13
Japanese scholar highlights Azerbaijan's diplomatic potential in current geopolitics
Foreign policy
10:01
Latvia initiates emergency meeting of UN Security Council
Other countries