A public wealth fund (PWF) is a centralised government ownership vehicle structured as a holding company that owns, manages and develop operational and real estate assets, based mainly within its jurisdiction.
Examples include Temasek in Singapore, Solidium in Finland, ÖBAG in Austria, LCR in the United Kingdom, as well as Vasakronan and Jernhusen in Sweden.
Examples include Copenhagen By and Havn, Hamburg Hafen City, as well as Stockholms Stadshus AB in Sweden and MTRC in Hong Kong.
[3] Due to the lack of proper asset registers and public sector accounting, the real estate segment is the least well understood, with considerable value hidden from being considered when formulating the government budget.
Sovereign wealth funds invest mainly globally outside of its own economy, in order to avoid the exchange rate difficulties often called the Dutch diseases.