Fitch highlights gold's growing role in Azerbaijan's sovereign wealth fund

Fitch: Gold accounts for 36% of SOFAZ assets, strengthening Azerbaijan’s external buffers

Gold has become the largest component of the State Oil Fund of Azerbaijan’s (SOFAZ) investment portfolio, playing an increasingly important role in strengthening the country’s sovereign external financial buffers, according to Fitch Ratings. Fitch reported that SOFAZ’s investment portfolio reached...