Permanent Fund Sees Gains in Second Quarter

1/26/2012

The Alaska Permanent Fund returned 4.2% for the second quarter of fiscal year 2012. The Fund ended the period with a value of $38.6 billion.

The quarterly report shows that U.S. stocks showed the most growth during the quarter, returning 12.3%, while global stocks returned 7.7% and non-U.S. stocks returned 3.5%. However, the Alaska Permanent Fund Corporation says the gains were not enough to reclaim all of the losses of the first quarter.

The statutory net income, which is the amount used to calculate the dividend, was $386 million for the quarter. That brings the year-to-date total to $854 million.