Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2Mb PDF) Global climate change has reached the forefront of the public’s consciousness in recent years and investors that hold natural assets, like timberland, in their portfolios are particularly interested in understanding the challenges and opportunities it may pose for them in an investment context. Forests, like [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2Mb PDF) In September of 2020, TIR announced the creation of Mission Forest Products and its new “greenfield” sawmill project at Corinth, Mississippi. Prior to the pandemic, lumber prices stood at around $ 400/mbf.  Since that announcement was made, lumber prices skyrocketed to more than $1,500/mbf.  We [...]

Tom Johnson: Managing Director of Client Relations DOWNLOAD (2Mb PDF) As we grapple with the threat of climate change and the need to live more sustainably, the world's working forests are gaining increasing recognition and appreciation for their "natural capital" or ecosystem service values. These are forest-based values, other than timber, that have commercial and [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (2Mb PDF) As we begin the second quarter of 2021, there is no doubt that the COVID-19 pandemic has upended the global economy and all facets of society – and the virus will have long-lasting effects well after vaccines have been successfully administered around the world. [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis DOWNLOAD (1.3Mb PDF) As interest in Environmental, Social and Governance (ESG) issues increases, investors and investment managers are working to define and refine what ESG means and what ESG engagement looks like in the context of their portfolios and the asset classes in which they are active. [...]