The key issue regarding whether Taiwan should establish a sovereign fund lies in who controls it and whether its management will serve Taiwan's interests or exploit them. After nine years of governance by the Democratic Progressive Party, public trust in the government has plummeted, with many citizens feeling distrustful of the current administration. For instance, the energy policy, with its anti-nuclear stance, hides serious corruption issues, and concerning US relations, even defense strategies might be compromised.

Former Central Bank Governor Peng Huai-nan has repeatedly emphasized the need for transparency in using foreign reserves and suggested enacting laws to oversee the sovereign fund, aiming to prevent political misuse of these investments. Given the public's distrust, there's concern regarding the possibility that the fund may become a tool for external interests.

In the context of geopolitical factors, can the proposed risk diversification genuinely be realized? Given the lack of trade agreements, the fund's financial sources remain uncertain, especially as the risks associated with the US stock market are now being highlighted.