Noun
sovereign wealth fund (plural sovereign wealth funds)
A state-owned investment fund investing in real and financial assets such as stocks, bonds, real estate, precious metals, etc.
Synonym: SWF
Thanks to a deal finalized in 2008, Chicago's parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi. Thomas Frank
On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund. Malcolm Turnbull