The State Oil Fund of the Republic of Azerbaijan (SOFDF) has invested in the shares of world giants "Tesla" and "Intel".
According to information, the State Oil Fund carries out its investments in accordance with the Investment Policy and Rules, and according to the current Investment Policy, SOFAZ can invest up to 25 percent of the total value of the investment portfolio in the stock sub-portfolio (including mutual funds). It was also stated that SOFAZ follows the "MSCI World" index, which includes the largest companies of the world's developed countries by market capitalization, within the framework of investing in shares quoted on the stock exchange, and in this context, invests according to the weights of all companies included in the index.
It was noted that the share portfolio of SOFAZ includes $84 million worth of "Tesla" shares and $31 million worth of "Intel" shares. "Their share in the quoted stock portfolio of SOFAZ is 0.7 percent and 0.2 percent. We would also like to note that in the future, the weights of the mentioned Tesla and Intel companies and other IT companies in the stock portfolio of SOFAZ will change in accordance with the composition of the MSCI World index," it was reported.
Azerbaijan
