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

  • Written by 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?U.S. President Donald Trump signs an executive order to create a U.S. sovereign wealth fund on Feb. 3, 2025Jim 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.

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