13.02.2012 - Over half of Azerbaijani State Oil Fund's investment portfolio concentrated in dollars
In 2011, 52.68 percent of the total investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) is concentrated in dollars (about $15.61 billion), SOFAZ told Trend on Saturday. The total amount of SOFAZ's investment portfolio in 2011 amounted to about $29.63 billion, which comprises 99.43 percent of total assets. Some 41.66 percent of SOFAZ's portfolio is concentrated in euros (about 9.54 billion euros), 5.65 percent -- in British pound sterling (about 1.09 billion pounds sterling)...............................................Full Article: Source
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