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SOFAZ means YTM makes 1% in 2010

27 January 2011 14:15 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. 53.41% of means of State Oil Funs was placed in USD, 41.43% in Euro and 5.16% in pound sterling, said the SOFAZ Executive Director Shahmar Movsumov at the press conference, today.

According to him, 99% of SOFAZ assets was placed in fixed-income securities. These are mainly agencies, international organizations, sovereign bonds, financial and corporate bonds. 93% of SOFAZ bonds in investment portfolio is A, AA and AAA rating.

He also noted that financial crisis had influenced on SOFAZ YTM: â€œDecrease of interest rate sharply is observed in the world and this influenced on decrease SOFAZ interest rate, as well. As a result, SOFAZ means YTM made 1% in 2010â€.