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President Donald J. Trump signed an executive order Monday to create a U.S. Sovereign Wealth Fund (SWF) to be used as a diplomatic and economic development tool—and it may allow for the purchase of TikTok.
What is a SWF? It’s essentially a country’s investment account. The nation takes excess revenue and invests it in stocks, bonds, real estate, and other assets. As those assets grow, the profits are used to fund projects like infrastructure or reduce taxes.
