Donald Trump has signed an executive order directing the US treasury and commerce departments to create a sovereign wealth fund. Treasury secretary, Scott Bessent, and Howard Lutnick, the nominee for commerce secretary, will lead the effort. “We have tremendous potential,” Trump said while signing the order from the Oval Office on Monday. “I think in a short period of time, we’d have one of the biggest funds.” What is a sovereign wealth fund and what does it do? Sovereign wealth funds are investment vehicles owned by countries. Most act as an investment account, or as a development tool, or a…