| After diversifying into gold, real estate and Chinese bonds, Azerbaijan’s $33.6 billion wealth fund has some catching up to do with its peers when it comes to equities. This year’s global selloff has done nothing to dissuade the State Oil Fund of Azerbaijan, known as Sofaz, from plans to raise its allocation of equity investments to 15 percent from 10 percent.
That compares with a 60 percent weight allotted to stocks by Norway’s sovereign wealth fund, the world’s biggest. Sofaz had 6.5 percent of its assets invested in equities at end-2014...............................................Full Article: Source
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