ABSTRACT
Sovereign Wealth Funds SWFs , which have grown rapidly in recent years, are companies under state control and based on the achievement of various macroeconomic objectives. These funds are mostly used by countries with petroleum incomes or nonpetroleum exports. However, in recent years, it has been observed that SWFs was established in countries where there is no natural resource income or export surplus. In this study, firstly, a brief historical background was given. Then, the classification of SWFs and their location in the global economy are examined. Later, we focused on the functions of the sovereign development funds that have risen in recent years as a wealth fund type. Finally, an assessment was made on the newly established Turkish Wealth Fund TVF and it was discussed what type of sovereign wealth fund TVF had in the previous section of the study
Keywords : Sovereign Wealth Funds, State, Development, Globalization