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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Azerbaijan’s wealth fund latest to buy Australian government bonds

Posted on 27 November 2012

Azerbaijan, the Caspian nation best known for its caviar and petroleum, is buying Australian government bonds, joining a growing list of sovereign investors acquiring debt Down Under in a trend that has seen the Aussie dollar labelled a potential safe-haven currency by the International Monetary Fund.
The former Soviet republic’s $US33 billion ($31.5 billion) sovereign-wealth fund—the State Oil Fund of the Republic of Azerbaijan, or Sofaz—said it quietly started buying Australian bonds in July at a time when market data show the Aussie dollar gained 3.4 per cent in value over the month………………………………………..Full Article: Source


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