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Benzinga

Business

Erica Kollmann

Trump Wants America's Own Sovereign Wealth Fund — But What Is It Anyway?

Donald Trump MP America United States

New,York,,Ny,-,September,26,,2018:,President,Trump,Addresses

President Donald Trump has called for the creation of a sovereign wealth fund (SWF) "in order to promote the long-term financial health and international leadership of the United States."

But what exactly is a sovereign wealth fund, and what might Trump's plan mean for the United States?

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