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Many sovereign wealth fundsInvezz
•Business
Business & Economics
72% Informative
President Donald Trump has signed an executive order proposing the creation of a US sovereign wealth fund.
The idea is simple: use government assets to generate returns, just like Norway or Saudi Arabia .
Norway and Saudi Arabia built theirs thanks to their rich oil reserves.
But the US isn’t sitting on a pile of surplus oil money or trade reserves.
The US would need to either reallocate existing assets or find new revenue streams.
If mishandled, it could become another source of government waste and mismanagement. The next 90 days will be critical. Treasury and Commerce officials must outline a clear plan that addresses how the fund will be financed, who will oversee it, and what its long-term investment strategy will be. If done right, this could be one of the biggest financial moves in US history. If done wrong, it could just be another political talking point that fades away. The post Can the United States really build a Sovereign Wealth Fund? appeared first on Invezz .
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