Argentina's Oil Rich Neuquen Province Mulls Sovereign Wealth Fund

BUENOS AIRES--Argentina'sNeuquen Province plans to set up a sovereign wealth fund to save some of the royalties it expects to reap from the development of its vast unconventional oil and gas resources.

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Many Americans may not realize it, but there is a massive amount of money sitting in sovereign wealth funds. To be precise, the world's sovereign wealth funds hold almost $5.1 trillion, according to the Sovereign Wealth Fund Institute .