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 this week signed an executive order to create a plan for a U.S. sovereign wealth fund. Here’s a look at what they are, and which ones are the world’s largest.

There are over 90 sovereign wealth funds in the world. The biggest ones are owned by states with significant oil revenues and large foreign exchange reserves.