Wed, 02/24/2021 - 9:28am
The bull market continues to boost the Permanent Fund value as it nears $75 billion, or nearly a $10 billion increase over the past eight months. (Photo/Chris Hondros/Newsmakers/Getty Images/TNS)
Alaska’s Permanent Fund has continued its rapid growth into 2021 with a value quickly approaching $75 billion.
The fund had a value of nearly $74.8 billion as of Feb. 22, according to unaudited figures from the Alaska Permanent Fund Corp., which equates to growth of 4.3 percent in just the first roughly seven weeks of the year.
It ended a tumultuous first half of 2020 — that also marked the end of the 2020 state fiscal year — with a total balance of $65.3 billion for a net value increase of about $9.5 billion, or 14.5 percent, in less than eight months.