State Oil Fund to invest in equities

State Oil Fund to invest in equities
# 15 February 2012 08:34 (UTC +04:00)
According to the 2012 Investment Policy of SOFAZ aproved by the decree of the President of the Republic of Azerbaijan dated December 29, 2011, up to 5% of the Investment portfolio of SOFAZ can be invested in equities in 2012.

Management of equity portfolio will initially be handled by external managers. Request for Service (RFS) process will be employed to select external managers and RFS announcement will be posted on SOFAZ’s website (www.oilfund.az).
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THE OPERATION IS BEING PERFORMED