19.07.2013 - Over 55 pct of Azerbaijan State Oil Fund's assets invested in Europe
The State Oil Fund of Azerbaijan continued its policy of investment in short-term projects in the first half of 2013, the State Oil Fund of Azerbaijan reported. According to the report, the share of funds invested over the past five years is estimated at 90.1 percent of the fund. The total volume of State Oil Fund's investment portfolio is $34.52 billion, or 99.5 percent of the total volume. 54 percent of the fund's investment portfolio is put into securities for one-year periods, 33.3 percent is deposited for 1 to 3 years, 2.8 percent is deposited for 3 to 5 years period, 1.8 percent is put in banks for more than 5 years. In addition, 8.1 percent is kept in real estate, assets and gold, the report said...............................................Full Article: Source
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