SOFAZ’s “Gold Policy”?

SOFAZ’s “Gold Policy”? CESD; “SOFAZ too late with investing in gold” The State Oil Fund of the Azerbaijan Republic (SOFAZ) reported that the fund has started to invest in gold in order to diversify its portfolio and increase revenue. According to the Oil Fund’s Investment Policy, 5% of the investment portfolio’s total value in 2012 can be invested in gold.  To this end, from 1 February 2012, the fund began to purchase gold... Read More