SOFAZ has involved three more external managers in te management of assets.
According to SOFAZ, Mellon Capital Management, BlackRock Investment Management and Sumitomo have been added to external managers in late 2017 and early 2018.
‘SOFAZ is now cooperating with seven external companies for assets management. Two of them – World Bank and Deutsche Bank Advisors manage portfolio on fixed-income securities, remaining four companies - State Street Global Advisors (SsgA) , UBS Global Asset Management, BlackRock Investment Management vÉ™ Mellon Capital Management manage share portfolio. As the external managers of SOFAZ, Mellon Capital Management” and “BlackRock Investment Management” started cooperation in July and October. Sumitomo was added in January 2018. SOFAZ continues cooperation with foreign managers and no any new external manager is planned to be involved’, SOPFAZ said.