| Azerbaijan’s state oil fund SOFAZ, which is engaged in accumulation and management of oil and gas revenues of the country, revealed the structure of its investment portfolio. Some 69.8 percent of the total investment portfolio was placed in financial instruments with the term of up to 5 years in January-September 2016.
The total volume of the portfolio amounted to $3.95 billion, which makes some 94.8 percent of the total volume of assets. About 36.1 percent of the portfolio was placed with the term of up to one year, while some 19.2 percent with the term ranging from one to three years, 14.5 percent from three to five years and some 9.5 percent with the term exceeding the period of five years.........................................Full Article: Source
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