06.11.2013 - More than 50pct of Azerbaijan Oil Fundís assets placed for up to 1 year
The State Oil Fund of Azerbaijan (SOFAZ) keeps on giving preference to short-term investments. According to Fundís statistics, by 1 October 51.8% of SOFAZ investment portfolio was placed for period of 1 year, 36% for 1-3 years, 1.9 % for 3-5 years, 1.7 % for more than 5 years. Another 8.6% of Fundís portfolio accounted for stocks, gold, and real estate. At that, 76.5% of SOFAZ investments accounted for developed countries, 15.7% for developing countries, and 7.8% for international financial institutions...............................................Full Article: Source
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