Bank Of Baku

SOFAZ keeps 56% of assets in dollar

SOFAZ keeps 56% of assets in dollar
# 05 November 2010 13:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, 2010, the 55.6% or 12 054 mln dollar part of investment portfolio of SOFAZ was kept in dollar. According to fund, 39.7% or 6 342.5 mln Euros of assets was kept in euro, 4.62% or £ 632.93 mln in pound sterling, 0.18% or AZN 39.68 mln in manat.

Most of assets are for agencies and bonds of international organizations. Thus, 34.08% is for the same instruments, 19.55% for financial bonds, 13.35% for sovereign debt securities, 12.65% for corporate securities, 7.92% for short-term commercial securities, 4.67% for guaranteed bonds, 4.08% for bank accounts, 3.54% for deposits and money market instruments, 0.1% for shares, 0.06% for municipal bonds.
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