HOW WILL ALL OF YOU ON THE KENAI PENINSULA BE SPENDING YOUR PFD’S THIS YEAR?
Unaudited figures from the Alaska Permanent Fund Corporation today showed a total portfolio value of $43.7 billion as at December 31st. Those figures included a 2.7% return for the second quarter of fiscal year 2013, resulting in a total year-to-date return of 7.3%.
The Fund’s most significant increases were in foreign investments, with non-U.S. stocks returning 5.8% for the quarter and 13.7% for the first six months of the fiscal year. The global portfolio returned 3.7% and 11.0% for the respective periods. By comparison, the U.S. portfolio returned 0.7% for the quarter and 7.0% for the fiscal year-to-date.
APF Corporation CEO Michael Burns said foreign markets were down during the last fiscal year, flattening the fund, but concerns over the European debt crisis and China’s economy have now eased, bringing investments back up. At the same time, U.S. markets struggled, due to concern over the Presidential election and fiscal cliff.
The Fund recorded $364 million in net income for the quarter, bringing the year-to-date total to $1.3 billion. Burns said this is the amount used to calculate the annual permanent fund dividend.