What is a sovereign wealth fund, and which countries have them?
(NewsNation) — President Donald Trump has signed an executive order directing the U.S. to start developing an American sovereign wealth fund and said it could be used to profit from TikTok.Trump's new order begins the process of creating a sovereign wealth fund, which is aimed at generating more money for the government by investing in assets like stocks, bonds and real estate."We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the U.S.
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