President Donald Trump recently signed an executive order directing the Treasury secretary and Commerce secretary to compile a plan within 90 days for creating a U.S. sovereign wealth fund.
We're still in the early stages and funding it would need an act of Congress which means we're months away from any of this becoming a reality. But it's still potentially a massive development, and the U.S. would be joining China, the United Arab Emirates, Singapore, Norway and a host of other nations, primarily major oil exporters, with active sovereign wealth funds.
