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Oil Fund has over 47% of funds placed in US Dollars

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The Oil Fund of Azerbaijan still prefers to place most of its assets in US dollars, the data of SOFAZ says.

“As of December 31, 2017, SOFAZ assets amounted to $ 35 billion 806.5 million, of which $ 6.7 million was placed in Azerbaijani manat, and the rest – in other currencies,” the Fund said.

The investment portfolio of the State Oil Fund as of December 31, 2017 was $ 35 billion 799.9 thousand.

 

Currencies

In 2017

(%)

In 2016

(%)

USD

47.1

49.2

EUR

35.7

34.3

GBP

5.1

4.8

Gold

3.5

3.4

Other currencies

1.6

1.3

Japanese yens

1.5

1.1

Yuans of P.R.C.

1.4

1.4

South Korean wons

1.3

1.2

RUR

1.1

1.6

Turkish liras

1.0

1.1

Australian dollars

0.7

0.6

 

At the same time, in the structure of the Fund’s investment portfolio $ 16 billion 868.3 million or 47.1% is placed in US dollars (by the results of 2016 – 49.2%).

According to the Fund, 38.4% of the funds of SOFAZ’s investment portfolio are located in European countries (at the end of 2016 – 43.1%), 27.87% in North America (at the end of 2016 – 23.5%), 26.05% – in the countries of the Asia-Pacific region (at the end of 2016 – 26.3%), and the rest – in other regions.

According to the data, 76.3% of the Fund’s investment portfolio is placed in bonds and money market instruments, 14.9% – shares, 5.3% – real estate, and 3.5% – gold.

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