Answer: owned by governmental entities.

Sovereign wealth funds (SWFs) are investment vehicles owned and managed by governments. They are distinct from closed-end funds, which are mutual funds that do not accept new investments and are traded among investors. SWFs are not restricted to domestic securities; they often invest in a diverse range of financial and real assets globally to achieve long-term returns. The term 'sovereign' reflects their government ownership, not their investment scope.

Author: LeetQuiz Editorial Team