Key Takeaways President Donald Trump has ordered his top financial advisors to establish a sovereign wealth fund and provide details in 90 days.A U.S. sovereign fund would be unusual: countries usually establish funds to invest in budget surpluses,

Trump’s executive order creates a sovereign wealth fund to invest in key sectors and possibly acquire TikTok. Here’s how sovereign wealth funds work.

President Donald Trump on Monday signed an executive order directing the U.S. Treasury and Commerce departments to establish a sovereign wealth fund. Trump indicated that the fund could potentially be used to purchase TikTok,