Community Investment Fund
Investment of ACU share-funds in African and Caribbean government bonds, to generate income and support socio-economic projects.
Community Investment Fund FAQs
Because those who buy these bonds will through them gain a voice in the socio-economic development of their home countries.
Reputable brokers with a proven track record will be used to buy these bonds.
That depends on which bonds markets the bonds are bought in. If they are bought in a market that is in Africa or the Caribbean, using local currency, then the bonds are likely to attract a higher rate of interest. However, if they are bought in markets that are outside Africa or the Caribbean using foreign currency, then the rate of interest is likely to be lower. Also, it depends on which country. Different countries have different rates of interest. As a rule, however the return from these ‘emerging markets’ tend to be higher than those from ‘developed or mature markets.’
There is no set amount, but members are encouraged to buy at least two shares a year.
Members may buy up to 400 shares (£20,000).