Insights
A game changer?
Donald Trump signed an executive order on February 3 to create a US sovereign wealth fund. Despite many issues that have to be addressed, the fund could fundamentally reshape global investment flows, economic partnerships and geopolitical dynamics, ushering in new complexities beyond the ongoing tariff wars.
Spotlight on sovereign wealth funds
There are now 33 state-owned investment funds in Asia, overseeing US$5.4 trillion of assets collectively. It’s not just the developed nations that have formed wealth funds. Less developed ones have followed suit, and some of them have run into controversy.