The Real Trouble with Sovereign Wealth Funds

There is lots of buzz these days about sovereign wealth funds, so I just want to register an inane complaint. Why the hell are these large government-owned pools of money called sovereign wealth funds, or, worse yet, SWFs? The name is multi-syllabic and opaque, with it almost stupidly obvious that they were designed by financial politicos to disguise their purpose, rather than describe the darn things.

Comments

  1. It lends itself to a tracking ETF. Half kidding.