16:22 - 18.04.2023

---

April 18, Fineko/abc.az. The total investment portfolio of the State Oil Fund (SOFAZ) for the 1st quarter of this year amounted to $53.437 bn.

ABC.AZ reports with reference to SOFAZ that based on the currency distribution of Fund’s investment portfolio, 69.9% of the funds are in US dollars.

According to SOFAZ report, in accord with foreign currency distributions, 19.4% of finances accounted for euros, 4.8% for British pound sterling, 0.6% for Australian dollars, 0.3% for Turkish liras, 0.2% for Russian rubles, 1% for Chinese yuans, 1.4% for Japanese yens, and 2.4% for other currencies.

Investments in gold amount to $6.48 million (12.1%) of the US dollar portfolio.

In 2022, 72.8% of SOFAZ investment portfolio in bonds and other money market instruments had AAA rating. 16.2% of Fund's investment portfolio in bonds and other money market instruments have rating of AA, 7.2% - A, 3.3% - BBB and 0.5% - non-investment rating.