An Urban Wealth Fund (UWF), Local Wealth Fund, or Community investment fund is a local government-owned Public Wealth Fund, a holding company that owns, manages, and develops operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Government surpluses could also be invested in bonds, equities such as the stock market, or private equity.
An Urban Wealth Fund (UWF), Local Wealth Fund, or Community investment fund is a local government-owned Public Wealth Fund, a holding company that owns, manages, and develops operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Government surpluses could also be invested in bonds, equities such as the stock market, or private equity.
Source: Wikipedia "Urban wealth fund" · CC BY-SA 4.0
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