Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

This institutional fund would “monetize the U.S. balance sheet for the American people,” Treasury Secretary Scott Bessent ...

Finance Secretary and MIC chair Ralph Recto recently approved the proposal for MIC to join the International Forum of Sovereign Wealth Funds (IFSWF), a voluntary global organization of SWF.