US president Donald Trump has signed an executive order to establish a sovereign wealth fund (SWF) in the US. The size, scope and nature of the SWF remains unlear. Â
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 3Â order. The plan will include recommendations for funding mechanisms, investment strategies, fund structure, and a governance model.Â
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