A sovereign wealth fund is an investment fund, a state-owned pool of money, with funding coming from surplus reserves from state-owned enterprises, reserves from budgeting excesses, foreign currency operations, and money from privatizations that is invested in various financial assets.
House Bill 6398 will establish the “Maharlika Investment Fund” , the purpose of which is to “generate consistent and stable investment returns with appropriate risk limits to preserve and enhance long term value of the Fund, obtain the best absolute return and achievable financial gains on its investments, and to satisfy the requirements of liquidity, safety/security, and yield in order to ensure profitability.
We have some concerns about funding coming from “public borrowing, among others” and “other investments.”
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