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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Booming stock market helps Permanent Fund hit $45.5 bln

Posted on 02 April 2013

As Alaskans applied for their share of the bonanza, the Alaska Permanent Fund reached a new high of $45.5 billion, thanks to records being set in the U.S. stock market, particularly the Standard & Poor’s 500 Index and the Dow Jones Industrial Average.
In the four years since Wall Street bottomed out, the Permanent Fund has shot up in value about 60 percent. But Alaskans shouldn’t get their hopes for a bonanza too high. The Alaska Permanent Fund Corp. (APFC), which manages the fund’s investments, is projecting the annual dividend to qualifying state residents will be less than $800 this year………………………………………..Full Article: Source


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