SOFAZ raises share of long-term instruments in investment portfolio to 22%

At the end of 2021, the share of bonds and other money market instruments placed in the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for more than five years amounted to 22.3%, which is 9.9% more than in 2020, Report informs, citing the Fund.

In the reporting period, 28% of SOFAZ's bonds and other money market instruments were placed for up to one year, a drop of 0.9% from the end of the previous year.

During the year, 31.6% of bonds and other money market instruments invested by the Fund were placed for a period of 1 to 3 years (2% increase), and 18.1% were placed for a period of 3 to 5 years (2.9% decline).