Sovereign wealth funds are investment funds owned by governments and used for purposes as designated by that government.
We’ve all heard the best way to build long-term wealth is to buy and hold stocks. Can governments do this for the benefit of their residents? Yes, and some do. They’re called Sovereign Wealth Funds. More of them exist than we realize. What exactly is a sovereign wealth fund? A sovereign wealth fund is nothing …
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We’ll start with the biggest ones. The Government Pension Fund of Norway Total assets and year founded The Government Pension Fund of Norway is actually two separate sovereign wealth funds owned by the government of Norway. The Government Pension Fund Global has total assets of USD $1.3 trillion and was founded in 1996. It is …
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Canadian sovereign wealth funds As a country, Canada does not have any sovereign wealth funds. Alberta But the province of Alberta does. The Alberta Heritage Savings Trust Fund has a current value of $18.3 billion and in the 2021-22 fiscal year earned a rate of return of 5.5% or $668 million. Per the “Latest update” …
Are there state and provincial sovereign wealth funds? Read More »