03.08.2012 - Alaska Permanent Fund's 2012 investments flat, PFD payout smaller
The Alaska Permanent Fund closed fiscal year 2012 with a value of $40.3 billion, up $193 million from last year, according to a press release sent out by the Alaska Permanent Fund Corporation on Thursday. It was a volatile year for global markets, but investments managed to stay flat, returning 0.02 percent. Still, the dividend payout is down nearly $200 million from last year. Stocks did poorly over the last year, especially in overseas markets, where the Eurozone debt crisis raised concerns over the regionís stability. Returns on the Permanent Fundís non-U.S. portfolio were down 14.6 percent, while those on the global portfolio fell 4.7 percent. U.S. stocks, on the other hand, returned 2.3 percent, after starting off the year sharply down, and then rising through the second and third quarters...............................................Full Article: Source
Print