Trump floated that the fund could be used to acquire a stake in TikTok, the social media platform owned by Chinese company ByteDance. Several U.S. states already have sovereign wealth funds ...

America's new sovereign wealth fund is either a "feasible idea to invest strategically, or a giant opportunity for waste," said Tufts University's Patrick J. Schena at The Conversation.

Many of the most prominent sovereign wealth funds, like Norway’s Government Pension Fund, are akin to asset managers, taking stakes in public companies and acting as a relatively passive investor.

There are a few state-level sovereign wealth funds in the U.S. For example, Texas operates the Texas Permanent School Fund, funded by oil revenue. It invests $52 billion in U.S. equities, bonds ...

Over the last decade, sovereign wealth funds (SWFs) have emerged as influential and active players across a range of global asset classes.

NO: Sovereign wealth funds are usually done when there is a government surplus. The U.S. currently has a huge deficit which could increase if the tax cuts due to expire are extended.

Mr. Trump asked Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to jointly develop a proposal for a U.S. sovereign wealth fund by early May.

Funds from the new U.S. sovereign wealth fund could be allocated to national development projects, like infrastructure and manufacturing hubs.

The sovereign wealth fund is integrated into Norway's fiscal budget: 4 percent of the fund's assets can be spent each year by the government. Unlike the Alaska Permanent Fund, no dividends are ...