| The State Oil Fund of Azerbaijan (SOFAZ) keeps on giving preference to short-term investments. According to Fund’s 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 Fund’s 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 |