President Donald Trump signed an executive order on Monday to establish a government-run sovereign wealth fund for economic development and potential strategic investments, including a stake in TikTok. Treasury Secretary Scott Bessent said the fund would be operational within twelve months, leveraging U.S. assets to benefit the American people. The fund could support infrastructure projects, extend U.S. influence in regions like Panama and Greenland, and reduce reliance on Treasury debt. Sovereign wealth funds invest in stocks, bonds, real estate, infrastructure, and private equity in global financial markets. Critics warn that insufficient transparency can lead to conflicts and corruption without strict governance rules.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump signed an executive order on Monday to establish a government-run
00:06sovereign wealth fund aimed at economic development and potential strategic investments,
00:11including a stake in TikTok. Treasury Secretary Scott Besant said the fund would be operational
00:17within 12 months, leveraging U.S. assets to benefit the American people. The funds could
00:22support infrastructure projects, extend U.S. influence in regions like Panama and Greenland,
00:27and reduce reliance on Treasury debt. Sovereign wealth funds invest in stocks,
00:32bonds, real estate, infrastructure, and private equity in global financial markets.
00:37Critics warn, though, that insufficient transparency can lead to conflicts and
00:41corruption without strict governance rules. For all things money, visit Benzinga.com.