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President Trump Initiates Development of U.S. Sovereign Wealth Fund
Executive order directs exploration of a government-owned investment fund, with potential interest in acquiring TikTok
On Monday, President Donald Trump signed an executive order instructing the Treasury and Commerce departments to explore the creation of a U.S. sovereign wealth fund.
This initiative aims to establish a government-owned investment entity, similar to those utilized by other nations.
The proposed fund could be capitalized through various means, including proceeds from tariffs.
President Trump suggested that such a fund might consider acquiring assets like the social media platform TikTok, currently owned by China's ByteDance.
Sovereign wealth funds are state-owned investment entities that manage a country's assets, often investing in stocks, bonds, real estate, and other financial instruments.
Globally, there are over 90 such funds managing more than eight trillion dollars in assets.
Saudi Arabia's Public Investment Fund (PIF), established in 1971, is among the world's largest sovereign wealth funds.
As of 2021, the PIF held close to 430 billion dollars in domestic and international investments.
Projections indicate that the PIF's assets could reach two trillion dollars by 2030.
The establishment of a U.S. sovereign wealth fund would mark a significant development in the nation's economic strategy, aligning it with other countries that utilize such funds to manage national assets and generate revenue.
This initiative aims to establish a government-owned investment entity, similar to those utilized by other nations.
The proposed fund could be capitalized through various means, including proceeds from tariffs.
President Trump suggested that such a fund might consider acquiring assets like the social media platform TikTok, currently owned by China's ByteDance.
Sovereign wealth funds are state-owned investment entities that manage a country's assets, often investing in stocks, bonds, real estate, and other financial instruments.
Globally, there are over 90 such funds managing more than eight trillion dollars in assets.
Saudi Arabia's Public Investment Fund (PIF), established in 1971, is among the world's largest sovereign wealth funds.
As of 2021, the PIF held close to 430 billion dollars in domestic and international investments.
Projections indicate that the PIF's assets could reach two trillion dollars by 2030.
The establishment of a U.S. sovereign wealth fund would mark a significant development in the nation's economic strategy, aligning it with other countries that utilize such funds to manage national assets and generate revenue.
