Emphasizing profitability, but riskiness of share investments, E.Babayev stated that only 2,6 billion USD of portfolio considered for these securities.
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SOFAZ increases investments into foreign shares
19 November 2015
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State Oil Fund of the Republic of Azerbaijan (SOFAZ) may transfer the capital invested into the share in U.S. stock market to the same sector of the European stock market, Elnur Babayev, the official of Investments Department of SOFAZ stated in the seminar held by the fund for mass media representatives.
As sale of investors` shares in the stock market starts related to increase in refinancing rate in U.S. in the near future, SOFAZ decided to minimize its investments in the stock market, E.Babayev said.
Emphasizing profitability, but riskiness of share investments, E.Babayev stated that only 2,6 billion USD of portfolio considered for these securities.
Emphasizing profitability, but riskiness of share investments, E.Babayev stated that only 2,6 billion USD of portfolio considered for these securities.
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