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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

The Oil Fund of Azerbaijan to keep on purchasing gold and delivering it to Baku in 2014

Posted on 10 September 2013

The State Oil Fund of Azerbaijan (SOFAZ) will keep on purchasing physical gold and delivering it to Baku for storage in 2014.
Shahmar Movsumov, the Executive Director of SOFAZ, informs that in 2014 the Fund will most likely keep on buying the gold in planned volumes (up to 5% of Fund assets). “At the present moment we conduct gold purchasing transactions on a weekly basis”, - Movsumov said………………………………………..Full Article: Source


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