Trump has issued an executive order for the creation of the nation's first sovereign wealth fund, which could be used to purchase TikTok.

(NewsNation) — President Donald Trump has signed an executive order directing the U.S. to start developing an American sovereign wealth fund and said it could be used to profit from TikTok. Trump’s ...

Explainer-What Is a Sovereign Wealth Fund? (Reuters) - President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund ...

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.