BAKU, Azerbaijan, July 24. Bonds and money market instruments accounted for 38.9 percent of the State Oil Fund of Azerbaijan’s (SOFAZ) investment portfolio as of July 1, 2025.
The data obtained by Trend from SOFAZ shows that this share decreased by 14.4 percentage points compared to July 1 of last year.
At the same time, the share of equities in SOFAZ’s investment portfolio stood at 25.9 percent, showing a slight decrease of 0.2 percentage points compared to the first half of 2024.
Besides, the share of gold in the Fund’s portfolio rose from 14.8 percent (114.9 tons) to 28.8 percent (181.1 tons).
Meanwhile, the share of real estate and infrastructure in the portfolio grew by 0.7 percentage points, reaching 6.7 percent, compared to the same period last year.
By the end of June, the total value of SOFAZ’s investment portfolio amounted to $66.5 billion, marking a rise of $8.6 billion, or 14.8 percent, year-on-year.
