Chung-Hong Fu: Managing Director Economic Research and Analysis VIEW PDF For all their differences, timberland, and infrastructure share something fundamental. Infrastructure, by definition, is physical assets that provide essential services to society and allow economies to function. Seen that way, timberland is nature’s infrastructure. Forests deliver services society depends on and the economy is [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis VIEW PDF Movements in lumber markets are often viewed as a leading indicator for timberland performance, with rising prices signaling stronger timber prices and improved portfolio returns. In reality, the relationship between lumber, timber, and timberland returns is more nuanced and less direct than commonly assumed. In [...]

Chung-Hong Fu: Managing Director Economic Research and Analysis VIEW PDF “Trees, Farms, and Office Buildings: A Quick Look at Real Assets’ 5-Year Record, 2021–2025” provides a retrospective analysis of real asset performance over the past five years. Institutional investors allocate to real assets as a means of enhancing diversification, with the objective of improving risk-adjusted [...]