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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Azeri oil fund to spend $600 mln on MSCI World shares

Posted on 24 July 2012

Azerbaijan’s $33 billion oil fund plans to spend at least $600 million on investing abroad in shares of big companies traded under the MSCI World Index from September 2012 and to keep buying gold and currencies, its executive director said.
The state oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenues. It has been used to finance social spending and infrastructure projects………………………………………..Full Article: Source

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