Sun, May 22, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

SOFAZ announces gold reserves portfolio

Posted on 21 June 2016

Currently, Azerbaijan’s state oil fund SOFAZ has no plans to convert purchased gold to other assets, as well as purchase additional gold, the Fund said. As for gold investments strategy, SOFAZ said these investments have been chosen for strategic purposes, but not short-term speculative targets.
“As it is known, according to SOFAZ investment policy, up to 5% of investment portfolio may be invested in gold. Currently, gold reserves make 30,175 kilograms (970,146 troy ounces). Generally, investing in gold attaches importance in terms of diversification of investment portfolio as an insurance against factors such as economic collapse, exchange rate risks and inflation”, SOFAZ said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031