Azerbaijani State Oil Fund Increases Stake Of Shares In Structure Of Investment Portfolio Eurasia Review

Azerbaijani State Oil Fund Increases Stake Of Shares In Structure Of Investment Portfolio Eurasia Review:

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Against the background of recovery of the global economy, State Oil Fund of Azerbaijan (SOFAZ) will increase the stake of shares in its investment portfolio from the current five percent to 10 percent, SOFAZ Executive Director Shahmar Movsumov told Trend on Dec.6.

This is envisaged by the draft investment policy of the fund for 2014 adopted by SOFAZ Supervisory Board and submitted for the approval of the Azerbaijani president.
The stake of shares will be increased through decreasing the share of bonds to 80 percent, Movsumov said.

Today some 85 percent of the total value of SOFAZ investment portfolio is formed by money market instruments and debt market. Under the current investment policy, up to five percent of the investment portfolio may be invested in shares, up to five percent in real estate, up to five percent in gold."

'via Blog this'