SOFAZ increases share of gold assets in investment portfolio of previous quarter

SOFAZ increases share of gold assets in investment portfolio of previous quarter
  • Clock-gray 13:00
  • calendar-gray 27 October 2020

Although volume of gold assets in the investment portfolio of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) in the third quarter of this year, its share has increased from 13.6% to 14.4%, APA-Economics reports citing presentation of the SOFAZ on the investment results for nine months of 2020.

Assets of the Fund have been USD 43 288,6 mln on September 30, 2020, of which 65.2% falls to the share of fixed money and money market instruments, 14.4% to equities, 6% to real property, 14.4% to gold assets.

Mirsaid İbrahimzade

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