US eyes sovereign wealth fund |Asian Markets
US president Donald Trump has signed an govt order to determine a sovereign wealth fund (SWF) within the US. The scale, scope and nature of the SWF stays unlear.
US treasury secretary Scott Bessent and Howard Lutnick, the US secretary of commerce, have been tasked with submitting a plan to the president within 90 days of the date of the February 3 order. The plan will embrace suggestions for funding mechanisms, investment methods, fund construction, and a governance model.
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