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Latest comment: 1 day ago1 comment1 person in discussion
I wanted to start a discussion on the classification of the fund as a Sovereign Wealth Fund.
The issue appears to be contentious:
Some plainly argue that it is not a Sovereign Wealth Fund.[1][2][3][4]
However, others such as the Financial Times, the Telegraph or the Spectator report on the NWF as a sovereign wealth fund.[5][6][7][8][9]
The fund is named the National Wealth Fund, which Wikipedia currently redirects to the sovereign wealth fund page: National wealth fund.
It's possible that the Treasury wanted to associate the fund with a sovereign wealth fund.
The Sovereign wealth fund article states in the second line that 'Sovereign wealth funds invest globally.' The NWF invests only domestically.
Additionally, the NWF is an evolution of the UKIB, which was a development bank.
It's clear that this issue is contentious.
I decided to list the National Wealth Fund as a sovereign wealth fund for the time being, whilst also highlighting that this classification is contentious.