|Republic of Botswana||US$ 6.9 Billion|
Transparency Rating: 6
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View Asset Allocation
|Origin: Diamonds and Minerals
Firm Investment Style: Index
Entity Structure: Fund
Population Est.: 2.13 million – 2013
Wealth Per Capita Est.: $3,243
Botswana is an African country rich in diamonds and minerals. The Pula Fund which holds a long term investment portfolio was established under the Bank of Botswana Act in 1994 and it is part of the foreign exchange reserves. Its goal of preserving a portion of the income from diamond exports for future generations.
Strategy & Objectives
It is exclusively invested in foreign currency denominated assets. The fund invests in public equity and fixed income instruments in industrialized and developed economies. The investment objectives are based on sustaining purchasing power of the reserves and maximizing returns within an acceptable level of risk.