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Patrick J. Schena, Professor of Practice and International Business, Tufts University

US sovereign wealth fund: A feasible idea to invest strategically, or a giant opportunity for waste?

United States Donald Trump Norway Kuwait Mongolia The United States Treasury Department

U.S. President Donald Trump signs an executive order to create a U.S. sovereign wealth fund on Feb. 3, 2025 Jim Watson/AFP via Getty Images

Could the United States soon be joining the likes of Norway, Kuwait and Mongolia in having a national reserve to invest on projects of strategic interest? If President Donald Trump gets his way, then perhaps so.

On Feb. 3, 2025, Trump issued an executive order calling for the creation of a U.S. sovereign wealth fund.

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