Here is your answer, wait till they get the results on Rare Earth Minerals. Blue skies from there.
"A sovereign wealth fund (SWF) is a state-owned investment fund or entity that is used by a country to invest its national savings or surplus revenues. These funds are typically established from:
Surplus from exports (especially natural resources like oil or gas)
Foreign currency operations
Fiscal surpluses
Revenue from privatization
Returns from official reserves
Key Characteristics:
Owned by the government: Managed on behalf of the country’s citizens.
Long-term investment horizon: Often used to stabilize the economy, save for future generations, or fund national development.
Global investments: Invests in assets such as stocks, bonds, real estate, infrastructure, or private equity—often globally diversified.
Common Objectives:
Stabilization: Cushion against commodity price volatility (e.g., oil price drops).
Savings: Store wealth for future generations.
Development: Invest in strategic domestic industries or infrastructure.
Pension reserve: Help cover future pension liabilities.
Foreign exchange reserve diversification: Reduce dependence on traditional reserve assets like US Treasuries.
Examples of Sovereign Wealth Funds:
Norway Government Pension Fund Global (from oil revenues)
Abu Dhabi Investment Authority (ADIA) (UAE, from oil)
China Investment Corporation (CIC)
Singapore’s GIC and Temasek Holdings"
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