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.
