A sovereign wealth fund is a state-owned investment fund comprised of money generated by the government, often derived from a country's surplus reserves. #CNNPHAsks bit.ly/3ULH9IB 
Funds of the proposed Maharlika Wealth Fund will be sourced from major pension funds and government banks, namely GSIS, SSS, Land Bank, and DBP.
The MWF would boost a "fund that will take care of future generations," Finance Secretary Ben Diokno said.
The MWF would boost a "fund that will take care of future generations," Finance Secretary Ben Diokno said.
But some senators said there is still a need to further study the MWF.
Certain provisions of the bill have to be clarified, like where the fund's seed money will come from and who will manage the fund, Senate Minority Leader Koko Pimentel said. bit.ly/3ULH9IB
Certain provisions of the bill have to be clarified, like where the fund's seed money will come from and who will manage the fund, Senate Minority Leader Koko Pimentel said. bit.ly/3ULH9IB
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