Sovereign Wealth Funds and President Trump's Executive Order
President Trump issued an executive order to develop a plan for a sovereign wealth fund. A sovereign wealth fund is a state-owned investment fund that invests in various assets to generate wealth for a nation's citizens. Trump's interest in establishing one may be to boost the economy and create financial security for the country.
Key Points
- Sovereign wealth funds are state-owned investment funds
- They invest in various assets to generate wealth for a nation's citizens
- Trump's executive order aims to develop a plan for a sovereign wealth fund
Pros
- Potential to boost the economy
- Create financial security for the country