What Is a Sovereign Wealth Fund, and Why Does It Matter?
As President Donald Trump pushes forward with plans to create the United States' first-ever sovereign wealth fund, he should be taking a look at some of the world's most successful funds for inspiration. One of the best examples of how a sovereign wealth fund can succeed is Norway's Government Pension Fund Global, which is worth $1.7 trillion.
What exactly is a sovereign wealth fund? Here’s a breakdown of a recent Trump proposal
Trump also said that if this fund goes through, the money in it could be used for something like buying TikTok. The app’s fate has been up in the air since a law requiring new ownership took effect in January. Rachel Wellhausen, a professor of government at UT Austin, said there are many ways to operate a sovereign wealth fund.
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Mongolia, Norway and Kuwait all have one. So too do Texas, Alaska and New Mexico. But a US fund to invest in projects of ...
Key Takeaways President Donald Trump has ordered his top financial advisors to establish a sovereign wealth fund and provide ...
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It’s the latest criticism that’s been leveled at Trump from the Rupert Murdoch-owned media outlet, which has been opposed to ...
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