The State Oil Fund (SOFAZ) has announced the composition of its investment portfolio for the end of June 2023. The value of the portfolio is nearly the same as the Fund's assets - $54,914.25 million. Of this, 69.6 per cent is placed in dollars. In the portfolio a share of euro is 19.6%, British pound sterling - 4.9%, Australian dollar - 0.6%, Turkish lira and Russian ruble-0.2%, Chinese yuan - 1%, Japanese yen - 1.4%, and other foreign currencies - 2.5%. Add that 60.1 per cent of SOFAZ's assets are in bonds and other money market instruments. Equities make up 22.9% of the portfolio, real estate - 5.5%, and gold - 11.5%. Incidentally, the Fund's gold holdings amount to 101.8 tonnes. Note that 37.1 per cent of SOFAZ's investments are in North American countries. European countries have a share in the portfolio of 28.1%, Asian - 15.2%, Australia and New Zealand - 0.6%, Middle East - 0.3%, South American countries - 0.1%, international financial institutions - 7.1%, and gold, as mentioned a little earlier, 11.5%. Thus, the Fund has allocated 81.5% of its portfolio to various countries, of which 66.5% are developed countries and 15%- developing countries

Source: Turan News Agency