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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Azerbaijan sovereign fund to keep euro holdings

Posted on 23 June 2010

From Reuters: Azerbaijan’s sovereign wealth fund has no plans to reduce euro holdings in its $17 billion portfolio as it is confident the euro zone will solve its debt crisis, the country’s chief investment officer said on Tuesday.
Concerns about huge debt in euro zone peripheral countries and the gloomy economic outlook pushed the euro to a four-year low around $1.1875 earlier this month — a 17 percent fall since January……………………………………….Full Article: Source

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