Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.1Mb PDF) People have questioned whether or not timberland is a hedge against inflation. In “Timberland as an Inflation Hedge”, the evidence is examined to answer this question.

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (600Kb PDF) When one thinks of timberland, the relationship to fixed income does not readily come to mind. “Timberland: The Biological Bond” discusses the parallels between timberland and fixed income instruments and how timberland portfolios can be structured to create different cash flows.