Azerbaijan oil fund’s equity income rises by more than $1 bln in three months

Income from equities at Azerbaijan’s State Oil Fund (SOFAZ) rose by more than $1 billion over a three-month period, the fund said in response to a query from APA-Economics.

SOFAZ said it has invested a total of $7.1 billion in equity indices to date. Since the fund’s establishment and as of Oct. 1, 2025, income from those investments reached $8.8 billion, compared with $7.7 billion in the first half of the year.

That means equity income increased by 14.3%, or $1.1 billion, in the third quarter.

The total value of SOFAZ’s equity portfolio rose to $15.9 billion from $14.8 billion over the same period.

The fund said gains in the MSCI World index in the third quarter of 2025 were driven by broad-based price increases across global equity markets, particularly in developed economies.

Positive macroeconomic indicators, better-than-expected corporate earnings and growing investor interest in technology and artificial intelligence boosted demand for risk assets, SOFAZ said.