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Sovereign Wealth Funds Briefing - Categorized | Investment

State Oil Fund of Azerbaijan started investments in Turkish liras and Australian dollar in July

Posted on 24 July 2012

In the first half of the year investment portfolio of State Oil Fund of Azerbaijan (SOFAZ) has been brought to $32.59 bn. A the press conference in Baku the Fund’s Executive Director Shahmar Movsumov said that the Fund’s investment portfolio is mostly formed at the expense of American dollar ( for $18.575 bn).
” The portfolio also has 9.601 bn euro, 1.016 bn British pounds, and 220.146 ounces of gold “,- Sh. Movsumov said. The Fund also started investments in other currencies………………………………………..Full Article: Source

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