Author: Unknown
Published on: 06/02/2025 | 00:00:00

AI Summary:
US President Donald Trump has given the Departments of the Treasury and Commerce 90 days to come up with a plan to establish a sovereign wealth fund (SWF) he suggested that the fund could be used to buy TikTok. “If we make the right deal, we’ll do it. Otherwise, we won’t… We might put that in the sovereign wealth fond.” Here’s what we know about Trump’s SWF plan. IFSWF: 60 percent of funds come from natural resources revenues. SWFs are supposed to invest for the collective good of a nation. That could mean funding the construction of an airport, school or infrastructure project. IFSWF: more than 90 such funds manage more than $8 trillion in assets worldwide. The largest fund is Norway’s Government Pension Fund Global. Abu Dhabi, Kuwait, Saudi Arabia and Singapore are among other countries with prominent sovereign wealth funds. “The economic rules of thumb don’t add up,” says Colin Graham, head of multi-asset strategies at Robeco in London. There is also the risk that the fund’s manager could make bad investments with it. “I do not think it is a good idea for the US,” he said. The popular app has about 170 million American users. The app is a popular app for americans. The app is available on the internet.

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