Donald Trump signed an executive order to establish a U.S. sovereign wealth fund, led by Treasury Secretary Scott Bessent and commerce secretary nominee Howard Lutnick. Sovereign wealth funds (SWFs) are large investment vehicles owned by countries, designed to manage budget surpluses for future investments that benefit society. Trump's vision is to create one of the biggest funds, but details on structure and financing remain scarce. These funds typically derive income from natural resources and other government assets, with a significant portion focusing on long-term growth and stability.
SWFs are designed to be a nest egg, allowing current money to be deployed in a way that benefits future generations.
Donald Trump emphasized great potential, envisioning one of the biggest sovereign wealth funds in a short period.
Some or all of a country's budget surplus is passed to the SWF, which can then use it for new investments.
Treasury secretary Scott Bessent expressed the intention to monetize assets currently owned by the US government for the American people.
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