China-Africa Development Fund - CAD Fund

AAA

DEFINITION of 'China-Africa Development Fund - CAD Fund'

Established in June 2007, the China-Africa Development Fund is the first Chinese equity investment fund that focuses on investments in Africa. The fund has a target size of $5 billion to be reached in phases, with first-phase funding of $1 billion provided by China Development Bank.

INVESTOPEDIA EXPLAINS 'China-Africa Development Fund - CAD Fund'

The China-Africa Development Fund was one of eight measures announced by Chinese President Hu Jintao at the Beijing Summit of the Forum on China-Africa Cooperation in November 2006. The Fund concentrates its investments in industries and fields that will help promote Africa's economic development, such as agriculture, manufacturing, infrastructure and resources.

RELATED TERMS
  1. Public Investment Fund - Saudi ...

    The Public Investment Fund (PIF) of Saudi Arabia was established ...
  2. CNY (China Yuan Renminbi)

    The currency abbreviation for the China yuan renminbi (CNY), ...
  3. China Investment Corporation - ...

    A government-sponsored entity of the People's Republic of China ...
  4. Lesser-Developed Country - LDC

    A country that is considered lacking in terms of its economy, ...
  5. B-Shares

    Shares in companies based in mainland China that trade on either ...
  6. African Development Bank - ADB

    A financial institution comprising 53 African and 24 non-African ...
RELATED FAQS
  1. What does a high turnover ratio signify for an investment fund?

    If an investment fund has a high turnover ratio, it indicates it replaces most or all of its holdings over a one-year period. ... Read Full Answer >>
  2. What is the difference between passive and active asset management?

    Asset management utilizes two main investment strategies that can be used to generate returns: active asset management and ... Read Full Answer >>
  3. What percentage of a diversified portfolio should large cap stocks comprise?

    The percentage of a diversified investment portfolio that should consist of large-cap stocks depends on an individual investor's ... Read Full Answer >>
  4. Why should an investor include an allocation to the telecommunications sector in ...

    An investor should include an allocation to the telecommunications sector in his portfolio, because telecom offers an investor ... Read Full Answer >>
  5. What are some mutual funds that do not have 12b-1 fees?

    Some of the most popular and best-performing mutual funds that do not include any 12b-1 fees in the expenses charged to fund ... Read Full Answer >>
  6. What is the difference between a greenfield investment and a regular investment?

    A greenfield investment is a particular type of investment where an international company begins a new operation in a foreign ... Read Full Answer >>
Related Articles
  1. Entrepreneurship

    Top 6 Factors That Drive Investment In China

    FDI in China surpassed $100 billion in 2010, certain key factors drive foreign direct investment.
  2. Mutual Funds & ETFs

    ETF Analysis: Vanguard MSCI EAFE

    Learn more about Vanguard's index-shifting, low-cost and non-U.S. market exchange-traded fund: the FTSE Developed ex U.S. Markets ETF.
  3. Stock Analysis

    Smartphone "Flagship Killers" Coming after Apple and Samsung

    Learn why flagship killers such as OnePlus and Xiaomi have the potential to become the first legitimate competition faced by Apple and Samsung.
  4. Investing

    Some Overseas Markets May Prove More Resilient

    Though global markets sold off and have continued to slip in recent days, stocks in Europe and Japan are still faring better than their U.S. counterparts.
  5. Professionals

    Are These the 10 Best Stocks in the World?

    Most of the top 10 stocks in the world have performed exceptionally well over the past several years. Here's a look at their future prospects.
  6. Economics

    Will Oil Hit $30 a Barrel?

    Will the price of oil continue to fall? Could it drop to $30 a barrel? Here are the factors at play.
  7. Stock Analysis

    China: Why Big Investors are Turning Into Bears

    More hedge fund managers and economists are beginning to transition from bull to bear when it comes to China. Here's why.
  8. Investing

    Impact of the Chinese Economy on the U.S. Economy

    The economic growth of China has been decreasing since 2010. What impact does this have on the US and the world economy?
  9. Mutual Funds & ETFs

    Top 3 ETFS for Investing in Germany

    Discover why Germany is considered an economic powerhouse in the eurozone, and learn about the three ETFs that provide investors exposure to Germany’s economy.
  10. Economics

    How Does China Manage Its Money Supply?

    Here's how the Central Bank of China manages its currency rates and the money supply.

You May Also Like

Hot Definitions
  1. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  2. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  3. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
  4. Unfair Claims Practice

    The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims ...
  5. Killer Bees

    An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an ...
  6. Sin Tax

    A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!