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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

SOFAZ head Shahmar Movsumov: We’re able to organize the management of any currency incomes at high level

Posted on 20 May 2010

From Apa.az: The main purpose of State Oil Fund of Azerbaijan Republic’s (SOFAZ’s) establishment is to collect the incomes from oil and gas sales on the plan of realization of oil contracts. Presently, fund’s assets rises year after year. The assets made $ 16.2 bln. The second purpose of fund is to spend the means for necessity of current generation.
SOFAZ realized conservative investment strategy for a long time. SOFAZ’s assets are invested in state and corporatively valuable papers via investment credit rating……………………………………..Full Article: Source


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