SOFAZ announces gold reserves portfolio - EXCLUSIVE

SOFAZ announces gold reserves portfolio - <span style="color: red;">EXCLUSIVE
# 20 June 2016 09:26 (UTC +04:00)

As for gold investments strategy, SOFAZ said these investments have been chosen for strategic purposes, but not short-term speculative targets.

“As it is known, according to SOFAZ investment policy, up to 5% of investment portfolio may be invested in gold. Currently, gold reserves make 30,175 kilograms (970,146 troy ounces). Generally, investing in gold attaches importance in terms of diversification of investment portfolio as an insurance against factors such as economic collapse, exchange rate risks and inflation”, SOFAZ said.


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