15:41 - 3.09.2026

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September 3, Fineko/abc.az. The current value of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) portfolio of equities listed in developed markets reached $18 billion in the first half of this year.

According to the information, the portfolio was valued at $16.5 billion at the end of 2025. Thus, its current value increased by $1.5 billion, or 9.1%, in the first half of 2026.

As of June 30, 2026, SOFAZ had invested $7.1 billion in this asset class. Cumulative income since the portfolio was established reached $10.9 billion, while the return amounted to 370%.

For comparison, cumulative income stood at $9.4 billion at the end of 2025, while the return was 330%. Thus, cumulative income increased by $1.5 billion, or approximately 16%, in the first half of 2026.

It should be noted that SOFAZ mainly uses a passive investment strategy for equities and tracks the MSCI World Index. The index covers shares of 1,283 companies across 11 sectors in 23 developed countries.