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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

SOFAZ to lift its cap on investment in stocks

Posted on 31 October 2016

The State Oil Fund of Azerbaijan (SOFAZ) aims to soon lift its cap on investment in stocks, including private equity, from 15 percent to 25 percent, SOFAZ Deputy CEO Israfil Mammadov said in an interview with The Nikkei Veritas.
SOFAZ had $33.7 billion in assets under management at the end of June, of which bonds and short-term financial instruments made up roughly 80 percent. He added that SOFAZ plans to increase the share of its portfolio devoted to real estate to 10 percent from the current 5.5 percent……………………………………..Full Article: Source


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