22.01.2015 - Investment portfolio of the State Oil Fund of Azerbaijan for 2015 limited to AZN 28.2 bn
The major areas (investment program) for the use of the SOFAZ means in 2015 have been approved by the decree on SOFAZ budget issued by Ilham Aliyev, President of Azerbaijan. In accordance with the program, the Fund should pursue the investment policy aimed to get maximum high revenue with minimization of risks from assets loss. At the same time, the investment portfolio of SOFAZ can be divided into the following components: debt commitments and money market instruments – 80% of funds, stocks – 10%, real estate – 5%, physical gold – 5%. The profitability benchmark for the debt/money component is the rate not lower than LIBOR for 3 months and for the stock component - MSCI World Index...............................................Full Article: Source
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