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Trump signs order creating sovereign wealth fund | ABS-CBN News
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President Donald Trump on Monday signed an executive order directing the creation of a sovereign wealth fund within the next year, suggesting it could potentially purchase the short-video app TikTok. However, he provided few details, and it remains unclear how such a fund would operate. “So other countries have sovereign wealth funds and they're much smaller countries and they're not the United States. We have tremendous potential in this country, tremendous. You’re seeing that's what's happened, I mean, just in a short period of time. And as an example, TikTok, we're going to be doing something perhaps with TikTok and perhaps not if we make the right deal, we'll do it, otherwise we won't. But I have the right to do that,” he said. “And we might put that in the sovereign wealth fund, whatever we make, or if we do a partnership with very wealthy people, there are a lot of options. But we could put that as an example in the fund. And we have a lot of other things that we could put in the fund.” Typically, so
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