Not at all. Singapore has an amazing Sovereign wealth fund. It owns shares in Microsoft, Amazon, Palantir. They own a large holding in the local corp Shopee..They have NO interference in the companies..no interactions at all..just hold positions. At one time..the swiss national bank owned a Majority of shares in GE.. However..with Trump..we know that will never happen. So..its a sht show
Do not get the hate for Trumps action here and so much nonsense also posted in this thread from many ones (but not all of course). Look at the Saudis funds or Norway Souvereign Fund, it has a lot of value for the people in their country. It will be too for USA.
"SWFs are typically created when governments have budgetary surpluses and have little or no international debt". USA is swimming in debt.
USA can get debt free with their Wealth fund long term thought. The returns of such a fund are much higher than the cost of any interest rates to be paid for public debt.
you assume this would be high returns but can’t it be higher than private am, it will pay fees for investment advisors. cheetos hires the son of apollo ceo, is that merit based hire or political appointment? lastly us can’t get debt free because not only it has to run a budget surplus but also trade surplus. if and when this happens, us is no longer a superpower and us dollar won’t be a global reserve currency. the biggest export from us to the rest of the world is dollar.
Why exactly? Because Dotard says so. What checks and balances will it have? Inform me. The Supreme Court has been rigged (total immunity) so that check is gone. What's left? BTW why do you even care as a German?
Did Trump specify what's the purpose and goal for this sovereign wealth fund? Any specific investment strategies or plans?
But WHY. What's the purpose of the Trump Sovereign Wealth Fund? (I know, I should be reading Financial juice and then I'd know why.)