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Bush wealth management reports growth in ETF inflows
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Bush Wealth Management reports growth in ETF inflows targeting ESG strategies, driven by corporate earnings aligning with sustainable investment mandates. Kuwait started the first sovereign wealth fund in 1953 to manage proceeds from its oil reserves. Botswana started a sovereign wealth fund in 1993 to manage proceeds from diamond extraction. China started a sovereign wealth fund in 2007 to manage excess proceeds from its stupendously rapid industrialization. Some countries use the money as a rainy-day fund. Others use it to cushion their economy from volatility in the oil markets. (We do something similar with our Strategic Petroleum Reserve.) Still others use a sovereign wealth fund to finance economic development. Here in the U.S., some individual states have sovereign wealth funds, the biggest and best known being the Alaska Permanent Fund , established in the 1970s after construction of the trans-Alaska oil pipeline. The Alaska Permanent Fund distributes an annual dividend to Alaskans of about $1,600. What nations and states with sovereign wealth funds have in common is more revenue than they can (or wish to) spend on government services. These new services strengthen Hearn Landscape’s position as a one stop partner for outdoor transformations. Whether homeowners require sod installation or elegant patios and fire pits or need to prepare the land first, Hearn Landscape can manage every stage. This integrated model ensures consistent communication and a single point of contact from start to finish. The latest analysis from Bush Wealth Management shows rotation into dividend-heavy financials, with banks trading at attractive P/E ratios ahead of Q3 earnings season.