23.01.2013 - Azerbaijani oil fund determines investment portfolio structure for 2013
Some 85 per cent of the total value of the investment portfolio of Azerbaijani state oil fund SOFAZ for 2013 will be formed by monetary market instruments and the debt market. This is stipulated by the investment policy for 2013, approved by President Ilham Aliyev, according to Trend news agency. Up to five per cent of the investment portfolio may be invested in stocks, up to five per cent in real estate and five per cent in gold, the document says. The projected total cost (average amount) of SOFAZ's investment portfolio for 2013 was set at 25.2 billion manat, while as of late 2012 it was projected at 23 billion manat...............................................Full Article: Source
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