Pula Fund

DEFINITION of 'Pula Fund'

The Pula Fund is a sovereign wealth fund established in 1994 by the Republic of Botswana, an African nation with a rapidly growing economy and large diamond and mineral reserves. It was established with the objective of preserving part of the income from diamond exports for Botswana's future generations.

BREAKING DOWN 'Pula Fund'

The Pula Fund is managed as a long-term investment portfolio by the Bank of Botswana, and is funded by foreign exchange reserves that exceed the nation's medium-term requirements. It invests in public equity and fixed income instruments in industrialized economies. The Pula Fund had assets in excess of $6 billion as of February 2010.

RELATED TERMS
  1. BWP (Botswana Pula)

    The currency abbreviation for the Botswana pula (BWP), the currency ...
  2. Four Cs

    The four characteristics used to determine the value of a diamond. ...
  3. National Pensions Reserve Fund

    The National Pensions Reserve Fund is a public pension fund established ...
  4. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
  5. National Welfare Fund (Russia)

    One of two parts of the Russian sovereign wealth fund, the other ...
  6. National Social Security Fund (China)

    A government-controlled investment fund established primarily ...
Related Articles
  1. Personal Finance

    Are Colored Diamonds a Girl's Best Friend?

    These gemstone kings of bling are trendier than ever. How to not get ripped off when buying a diamond.
  2. Credit & Loans

    Credit Card Review: Citi Diamond Preferred

    Read about Citi's Diamond Preferred credit card, a low APR offering with excellent balance transfer benefits and a long-term low introductory rate.
  3. Mutual Funds & ETFs

    Mutual Funds: Different Types Of Funds

    No matter what type of investor you are, there is bound to be a mutual fund that fits your style. According to the last count there are more than 10,000 mutual funds in North America! That means ...
  4. Professionals

    Specialized Funds

    FINRA Series 6: Section 10 Specialized Funds. This section deals with types of specialized funds namely index funds, global funds, international fund, asset allocation fund and other specialized ...
  5. Retirement

    Analyzing The Best Retirement Plans And Investment Options: Mutual Funds

    What they are: A professionally managed pool of stocks, bonds and/or other instruments that is divided into shares and sold to investors. Pros: Diversification; liquidity; simplicity; ...
  6. Professionals

    Fund of Funds Investing

    CFA Level 1 - Fund of Funds Investing. Learn the characteristics of the fund of funds investing style. Discusses the benefits and drawbacks of this type of fund
  7. Professionals

    Investment Objectives

    Investment Objectives
  8. Investing

    Advising FAs: Explaining Mutual Funds to a Client

    More than 80 million people, or half of the households in America, invest in mutual funds. No matter what type of investor you are, there is bound to be a mutual fund that fits your style.
  9. Bonds & Fixed Income

    African Sovereign Debt: Risks and Rewards

    African sovereign debt offers high yields and upside — if one has the stomach for the risk.
  10. Mutual Funds & ETFs

    The 4 Best American Funds for Growth Investors in 2016

    Discover four excellent growth funds from American Funds, one of the country's premier mutual fund families with a history of consistent returns.
RELATED FAQS
  1. How do I identify a Diamond Top Formation?

    Learn how to identify a diamond top technical chart pattern, a rare formation that analysts look to as a possible sign of ... Read Answer >>
  2. What are common trading strategies when identifying a Diamond Top Formation Pattern?

    Learn how traders identify diamond top formations and what the pattern signifies. Then, develop a profitable trading strategy ... Read Answer >>
  3. Why is a Diamond Top Formation important for traders and analysts?

    Read about the rare diamond top formation, and learn how traders and technical analysts interpret this pattern when it shows ... Read Answer >>
  4. What is the metals and mining sector?

    Learn about the mining sector and the many ways that mining companies profit from the location and extraction of minerals ... Read Answer >>
  5. Where does a hedge fund get its money?

    Learn how a hedge fund is structured and how the managing partner of the fund goes about the process of finding and soliciting ... Read Answer >>
  6. How do I calculate the loan-to-value ratio using Excel?

    Learn what a mutual fund and a money market fund are, and understand the differences between each and how they serve various ... Read Answer >>
Hot Definitions
  1. Goodwill

    An account that can be found in the assets portion of a company's balance sheet. Goodwill can often arise when one company ...
  2. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  3. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  4. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  5. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center