Trump signs executive order creating a sovereign wealth fund for U.S.
President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.
Al Jazeera on MSN2h
Why does Trump want a US sovereign wealth fund?Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil ...
The US doesn't run a surplus like most sovereign wealth funds. But Trump's order refers to trillions in existing assets.
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