State Oil Fund’s assets exceed $49 billion
Baku, June 25, AZERTAC
The assets of the State Oil Fund of the Republic of Azerbaijan rose from $45.03 billion to $49.03 billion during 2022, according to the official figures.
62.1 percent ($30.4 billion) of the total portfolio was invested in the debt obligations and money market instruments, with 19.6 percent ($9.6 billion) in stocks. Another 6.2 percent ($3.1 billion) was spent on real estate, the remaining 12.1 percent ($5.9 billion) was invested in gold.
By the end of 2022, the Fund’s investments covered 66 countries and 17 currencies.
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