Role of timberland in us investment portfolios

Eves, Chris & Newell, Graeme (2001) Role of timberland in us investment portfolios. In Royal Institution of Chartered Surveyors : Cutting Edge Conference, August 2001, Oxford. (Unpublished)

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Timberland is now regarded as a long-term investment with both institutional investors and absentee owners. This paper utilises the NCREIF Timberland index to examine the performance of US timberland over the period of 1987-1999. US timberland was found to provide significant risk reduction and portfolio diversification benefits in the portfolio resulting from the low risk and low correlation with stocks and bonds. Timberland was also found to make a significant contribution to a portfolio of stocks, bonds and real estate, particularly at low to midrange portfolio risk levels.

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ID Code: 28880
Item Type: Conference Paper
Refereed: No
Additional URLs:
Keywords: Timberland, Forestry, investment returns, portfolio diversification, mixed-asset portfolios
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Investment and Risk Management (150205)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2001 [please consult the authors]
Deposited On: 27 Nov 2009 04:20
Last Modified: 10 Aug 2011 16:28

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