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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

State Oil Fund of Azerbaijan did not buy physical gold for 3 quarters at a run

Posted on 12 February 2015

The State Oil Fund of Azerbaijan (SOFAZ) did not buy physical gold over three quarters in a row (2nd, 3rd and 4th quarters of 2014). The Fund informs that as of 1 January 2015 it owned physical gold worth $1.15 bn which was equivalent to 3.13% of its investment portfolio ($36.7 bn).
“By the reported date SOFAZ had 30.17 tons of gold (970,146 ounces of gold),” SOFAZ said in a statement. This level of reserves conformed to the indicator by 1 April 2014………………………………………..Full Article: Source


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