Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2MB PDF) Over the past 40 years, the institutional timberland asset class has found its place in various parts of investors' asset allocations. Its inability to be easily categorized reflects its unique risk and return characteristics, which do not align neatly with any specific peer [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2MB PDF) In “A Brighter Outlook for U.S. Housing Over the Next Decade: Four Demographic Trends Timberland Investors Should Consider,” TIR’s Economist, Chung-Hong Fu, discusses four demographic trends that will drive demand for new home construction and wood-based building products, thus positively impacting timberland investors [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.6MB PDF) Forest carbon offsetting is increasingly featured in the media as a strategy for mitigating climate change. Under this concept, trees that timberland owners grow and sequester carbon can be used to offset emissions. The offsets can be bought and sold on regulated or voluntary [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2MB PDF) As an alternative asset, timberland is valued by investors primarily for its return, diversification (low correlation with other asset classes), and inflation-hedging benefits. Less recognized and appreciated is the asset’s capacity to buffer an investor’s portfolio against “tail risks” — extreme negative market or [...]