Pew report sees Alaska ahead of other states in its ‘sovereign wealth fund’
By Andrew Kitchenman, Alaska Public Media & KTOO, October 10, 2016
A national report said other states can learn from the example of the Alaska Permanent Fund as they seek to grow their own funds built from natural resource extraction. The Pew Charitable Trusts focused on seven states that have funds from extraction revenue, which the report describes as “sovereign wealth funds.” According to Pew, Alaska is one of only two state funds whose purpose is well-defined by state law. And the report found that it’s one of three states that doesn’t allow withdrawals from the fund principal.
The Alaska Permanent Fund Corporation Board of Trustees considered and approved APFC’s 2017-2021 Strategic Plan and 5-year Investment Management Plan.
The Alaska Permanent Fund Corporation (APFC) will hold its Annual Meeting of the Board of Trustees on September 27-28, 2016 in Juneau, AK.
In response to the lawsuit that was filed today, Angela Rodell, Chief Executive Officer, reaffirms the mission of the Alaska Permanent Fund Corporation and its role in the dividend process.
The Alaska Permanent Fund’s (Fund) total investment portfolio gained 1.02% in fiscal year 2016 (FY16), according to recent figures. The Fund ended June 30, 2016 with a total value of $52.8 billion, comprised of $44.2 billion in the Principal of the Fund and $8.6 billion in the Earnings Reserve.
|unaudited, as of Sep 30, 2016|
|Non US Stocks||$9,445,900,000|