Chung-Hong Fu: Managing Director Economic Research and Analysis VIEW PDF Over the years, we have seen many investors exploring the timberland asset class for the first time. The questions they ask and the reference points they use are always interesting—naturally shaped by their own backgrounds and experiences with other asset classes. This is to be [...]
Chung-Hong Fu: Managing Director Economic Research and Analysis VIEW PDF Timberland investments delivered strong performance in the five-year period following the Covid-19 pandemic, outpacing other real assets such as commercial real estate and farmland. As returns begin to moderate, what is in store next? Does timberland still hold long-term value potential? This paper examines the [...]
Chung-Hong Fu: Managing Director Economic Research and AnalysisDOWNLOAD (7MB PDF)The last time annual inflation exceeded 6% was during the Carter administration (1977-1981). It is easy to understand why for some investors, inflation hedging assets have not been top of mind. Over the years, timberland has attracted attention because of its long-term competitive returns, its low [...]
Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (7MB PDF) While housing—specifically housing starts and the repair and remodeling sectors—has traditionally driven timber demand, other industries such as infrastructure development, domestic manufacturing, and wood-based commercial construction are expected to play an increasingly prominent role. In “Thinking Outside the House: How In-Shoring and Infrastructure [...]
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 [...]
