Wealth fund refers to savings that are formed outside the country’s official reserves. Resources such as gold and foreign currency within the Central Bank of the country represent official units. Extra reserve units in countries with current account surplus are also evaluated in Sovereign Wealth Fund. Information about “What is a Wealth Fund, What are the Countries with a Wealth Fund in the World?” are in the rest of article. For Belgium Pension 2021 To Retire From Belgium you can browse here.
What is a Wealth Fund? What are the Countries with a Wealth Fund in the World?
The first examples of the National Wealth Fund were seen in the 1950s. The Wealth Fund application was introduced when new resources were created apart from the reserve resources available in the Central Banks of the countries. These extra resources formed in the country’s economy came about as a result of the increase in oil revenues experienced in the 1950s. Extra resources of countries have emerged due to oil increase in some countries, current surplus in others, precious metals, etc. These resources were also utilized within the scope of the National Wealth Fund (Sovereign Wealth Fund). The Sovereign Wealth Fund is shortly expressed as SWF.
Countries with wealth funds are as follows:
- United Arab Emirates
- Saudi Arabia
- United States
- South Korea
- New Zealand
- East Timor
- Trinidad and Tobago
- Equatorial Guinea
For details: https://en.wikipedia.org/wiki/Sovereign_wealth_fund